Bad-loan risks of mainland banks manageable, says industry watchdog

Mainland bad-loan risks are manageable although non-performing loans are on the rise, China Banking Regulatory Commission vice-chairman Cai Esheng said.

Although non-performing loans in some regions, such as Wenzhou, were rising, bad-loan risks were still under control, Cai said at a forum hosted by Caijing magazine yesterday.

In Wenzhou, the entrepreneurial hub in Zhejiang province, the non-performing loan ratio of banks rose for 13 straight months, to 3.27 per cent by the end of September, according to a report by China Business News last month.

via Business feed http://www.scmp.com/business/banking-finance/article/1094231/bad-loan-risks-mainland-banks-manageable-says-industry