November 16, 2017 / 8:52 AM / a year ago

China banking regulator says banks have passed the most difficult period

BEIJING, Nov 16 (Reuters) - Chinese banks have passed their most difficult period, though they still face huge pressure, a senior official of China’s banking regulator said on Thursday.

Banks’ balance sheets will continue to expand in the long run, Yu Xuejin, chairman of the supervision panel for important state-owned financial institutions at the China Banking Regulatory Commission (CBRC), told a finance forum in Beijing. (Reporting by Shu Zhang and Ryan Woo; Editing by Clarence Fernandez)

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