December 20, 2019 / 9:16 AM / a month ago

China will push more lending to manufacturing sector next year - regulator

BEIJING, Dec 20 (Reuters) - China will actively help firms in the traditional manufacturing sector to get out of trouble next year, and keep pushing lending to smart and green manufacturing industries, the banking and insurance regulator said on Friday.

The non-performing asset in some small and medium banks are rising, curbing their lending capability, Yang Liping, chief supervision officer with the regulator told reporters at a briefing in Beijing.

Disposing of the bad loans of small and medium banks needs time, and will not be improved in the short term, Yang added.

Reporting by Cheng Leng, Lusha Zhang and Se Young Lee; Editing by Alison Williams

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below