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International Law

: China Briefing Blog

Beijing Orders Banks To Increase Bad Debt Reserves

By China Briefing

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Jul. 22 - The chairman of  China’s Banking Regulatory Commission (CBRC), Liu Mingkang, has told all mainland-based banks, and some overseas banks such as HSBC and Citigroup to increase their bad-debt loan reserves by 150 percent by the end of this year. That means that banks are now being required to be set aside an additional [...]

Full post as published by China Briefing Blog on July 21, 2009 (boomark / email).

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