News Snapshot:
BEIJING : China's banking sector saw its bad loan ratio rise to 1.87per cent at end-September versus 1.86per cent three months earlier as the impact of the COVID-19 pandemic lingered, the sector's regulator said on Thursday. The expiration of loan payment relief policies, put in place last year to help companies in the early days of the health crisis, also contributed to the increase. Outstanding non-performing loans in the banking sector stood at 3.6 trillion yuan (US$562.63 billion), Wang Chaodi, head of the general office of the China Banking and Insurance Regulatory Commission (CBIRC), told reporters in Beijing. Chinese banks...
