Premier Wen Says Reform is Key to Resolving NPL Problem

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Last updated at: (Beijing Time) Tuesday, March 18, 2003

Premier Wen Says Reform is Key to Resolving NPL Problem

Premier Wen Jiabao said Tuesday that reform is the key to resolve the problem of the high non-performing rate of loans (NPL) in State-owned commercial banks.

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Premier Wen Jiabao said Tuesday that reform is the key to resolve the problem of the high non-performing rate of loans (NPL) in State-owned commercial banks.

The banks will focus on the building of modern corporate structure and the establishment of modern financial system and will create conditions to carry out share-holding system in a bid to cut down non-performing loans, he said.

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