Friday, October 21, 2016

More Evidence Of The Seriousness Of Bad Loans Mounting In China

Minsheng 'may establish bad-loan asset company'

Slowing economy is resulting in growth in volume of NPLs China Minsheng Banking Corp is studying plans to set up an bad-loan asset management company, as the Chinese lender seeks ways to rid itself of some of its $5.7 billion of non-performing loans (NPLs), people with knowledge of the matter said. Minsheng Bank is seeking guidance…