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China’s bank regulator moves to rein in small lenders as Beijing fears financial risks

Summary:
[unable to retrieve full-text content]China’s regulators are reining in small banks as concerns grow over broad risks to the country’s financial system that have been exacerbated in recent months by the coronavirus pandemic.Many of China’s small and medium-sized companies have been hit by the international health crisis. And as they struggle to repay debts, pressure is mounting on the country’s small lenders.“[Because of the] coronavirus epidemic and other factors, pressure is increasing on non-performing assets, due to the…

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[unable to retrieve full-text content]
China’s regulators are reining in small banks as concerns grow over broad risks to the country’s financial system that have been exacerbated in recent months by the coronavirus pandemic.Many of China’s small and medium-sized companies have been hit by the international health crisis. And as they struggle to repay debts, pressure is mounting on the country’s small lenders.“[Because of the] coronavirus epidemic and other factors, pressure is increasing on non-performing assets, due to the…

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