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China bad loans surging, profit growth slowing, says regulator

CBRC chairman adds 'whole truth of the banking sector's credit risks is beginning to emerge'

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MR SHANG: The proportion of NPLs rose 0.22 percentage point from the beginning of the year to 1.82 per cent of all loans at end-June.

Beijing

BAD loans at Chinese banks rose 35.7 per cent during the first half of 2015 as economic growth remained sluggish and manufacturers struggled, the chairman of the banking sector regulator said.

Shang Fulin, chairman of China Banking Regulatory Commission (CBRC), told an

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