Source: CCTV.com

07-22-2008 14:45

The bad loan rate of China's commercial banks fell to 6.1 percent at the end of June, thanks in part to the sector's efforts at enhancing its risk management. The country's banking regulator says the figure is 0.6 percentage points lower than it was at the beginning of the year. Major commercial banks had combined bad loans of nearly 1.2 trillion yuan at the end of June, 24 billion yuan less than the beginning of 2008.

The China Banking Regulatory Commission says banks should further increase risk prevention and boost capital adequacy in the second half of this year. The regulator also urged financial institutions to extend financial services to small-sized enterprises and rural industries to help them to get through the hard times after this year's many natural disasters.

 

Editor:Yang Jie