Latest News:  


China sees rising perils of bad loans: central bank


08:17, June 08, 2013

BEIJING, June 7 (Xinhua) -- China's central bank said on Friday that bad loan balance had posted the first increase in eight years, warning rising financial risks in a range of sectors.

The bad loan balance stood at 1.07 trillion yuan (173.7 billion U.S. dollars) at the end of 2012, an increase of 23.4 billion yuan from the year beginning, the People's Bank of China (PBOC) said in its 2013 financial stability report.

The non-performing loans ration was 1.56 percent, down 0.22 percentage points from the year beginning.

The balance of defaulted loans of commercial banks was 528.1 billion yuan, surging 46 percent from the year beginning, indicating possibilities of more bad loans in the future.

Defaulting risks are mainly found in the Yangtze River Delta where market economy and small enterprises proper. Overbloated industries, including solar panel manufacturing, iron and steel making and cement, are hit by the perils.

The report also singled out the potential dangers of the wealth management products of which part of the money were put to industries that restricted to bank lending.

We Recommend:

Ladies in finance industries

Fortune Global Forum to be held in Chengdu

Top 10 most competitive airlines in the world

General view of Hefei Xinqiao Int’l Airport

China FAW launches high-end car model H7

Top 10 most competitive cities in China in 2013

Boeing delivers China’s first 787 Dreamliner

Intelligent & beautiful Asian business women

Eye-catching models highlight house fair

Email|Print|Comments(Editor:WangXin、Chen Lidan)

Leave your comment0 comments

  1. Name


Selections for you

  1. PLA Air Force in confrontation training

  2. U.S., Cambodian Air Forces in exercise

  3. Russian President Putin, wife divorce

  4. Bodyguard trainees experience 'Hell Week'

  5. 2,000 cheongsam fans put on a show

  6. A drug addict's journey to new life

  7. Sky-high zongzi displayed in Shanxi

  8. Kung Fu kicks ass in Hollywood

  9. Johnson&Johnson to serve middle class

  10. Nation maintains edge in attracting investment

Most Popular


  1. Job-hunting college grads need 'soft power'
  2. China strengthens cultural heritage protection
  3. GE CEO optimistic about China's capability
  4. China to become most promising market
  5. High-end manufacturing holds the key
  6. Bloody conflict in Iraq should come to an end
  7. Law desiderated to protect interns' right
  8. China owes a huge debt to the environment
  9. China's middle class emerges, to spend more
  10. Xi-Obama meeting of milestone significance

What’s happening in China

Bodyguard trainees experience 'Hell Week' in Beijing

  1. 5 killed in central China rainstorms
  2. Law seeks to regulate potable water dispensers
  3. Four nabbed for paying for blood donations
  4. Govt pushes for support of childless parents
  5. Policewoman wrongly detained as prostitute