News Snapshot:
BEIJING: China's banking sector disposed of 3.02 trillion yuan ($466.6 billion) in non-performing assets in 2020, its top banking and insurance watchdog said on Friday, up more than 50% from a year ago. The non-performing loan ratio of the banking sector was 1.92% at the end of 2020, the Banking and Insurance Regulatory Commission (CBIRC) said in a statement. The whole sector set aside a 1.9 trillion yuan loan loss provision last year, it added, to increase the buffer against risks. "Banks are still facing severe bad loan pressures in future and there's a possibility to see the sour debt...
