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-Risk control goal achieved in H1, says China.

Global Banking News-August 1, 2013--Risk control goal achieved in H1, says China(C)2013 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 01 August 2013

The banking sector in China has achieved its risk control goal in H1 of 2013, according to the chief of China's top banking regulatory body.

Growth in some financial products had been slowed down and loan risk in a few target sectors had been brought under control, according to a report.

The China Banking Regulatory Commission said that outstanding loans growth rate was now lower by 9 percentage points than average growth rate. Wealth management products have also reported a slower rate of increase, while credit risks for certain sectors have been put under effective control, said Shang Fulin, president of the CBRC.

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Publication:Global Banking News (GBN)
Geographic Code:9CHIN
Date:Aug 1, 2013
Words:150
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