Caixin
Jun 24, 2022 03:39 AM
FINANCE

China’s Small Bank Risks ‘Are Under Control,’ Top Regulator Says

China has nearly 4,000 small and medium-sized lenders that collectively control almost $14 trillion in assets.
China has nearly 4,000 small and medium-sized lenders that collectively control almost $14 trillion in assets.

(Bloomberg) — The risks at China’s small banks are manageable after disposing of nonperforming loans and replenishing capital in recent years, the nation’s banking watchdog said.

“Generally speaking, risks are under control,” said Xiao Yuanqi, a vice chairman of the China Banking and Insurance Regulatory Commission, at a briefing Thursday in Beijing. The regulator is paying “a lot of attention” to their development, he said.

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