Asset quality of State banks to remain stable : vimarsana.co

Asset quality of State banks to remain stable


Asset quality of State banks to remain stable
By JIANG XUEQING |
China Daily |
Updated: 2021-04-01 09:05
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The Industrial and Commercial Bank of China booth at an expo in Guangzhou, Guangdong province. [Photo by Fang Jie/For China Daily]
The credit risk of China's large State-owned commercial banks may increase slightly but their asset quality will continue to remain stable this year, experts said.
"Holding expectations for China's strong economic growth (this year), the recovery of production and operations of domestic enterprises will speed up. As a result, temporary problems with capital turnover brought by the COVID-19 pandemic will be eased, said Wang Jingwu, vice-president of Industrial and Commercial Bank of China Ltd, the country's largest State-owned commercial lender by assets.

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