The China Banking and Insurance Regulatory Commission (CBIRC) has laid out its 2020 agenda, vowing to tighten supervision of nonperforming loans, curb financial risks and boost lending to small businesses.
The banking and insurance regulator said it will roll out a more sophisticated loan classification system based on the current five categories as a measure to step up oversight of lenders’ asset quality, according to a statement (link in Chinese) posted on its website on Saturday.
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