Facebook Twitter 新浪微博 腾讯微博 Wednesday 3 June 2015
Search
Archive
English
English>>Business

China to explore securitization of bad assets: central bank

(Xinhua)    20:46, May 15, 2015
Email|Print

BEIJING, May 15 -- China's central bank deputy governor Pan Gongsheng said the country will "actively explore" the securitization of bad assets on Friday as part of efforts to limit risks in the financial system.

The move would widen channels for commercial banks to dispose of their bad loans, which is conducive in improving their asset quality, Pan said at a press briefing.

The securitization is a process where banks' bad assets could be sold in the form of securities in the capital market to generate liquidity and redistribute capital.

Data on Thursday showed China's banking sector's non-performing loans grew to 1.43 trillion yuan (234.1 billion U.S. dollars) and the bad loan rate rose to 1.6 percent by the end of 2014, up from the 1.49-percent rate registered by the end of 2013.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Du Mingming,Bianji)

Add your comment

Related reading

We Recommend

Most Viewed

Day|Week

Key Words