China to well handle bad loans: finance minister
Updated: 2016-03-07 10:20
(Xinhua)
|
||||||||
Minister of Finance Lou Jiwei gives a press conference at the press center of the two sessions, March 7, 2016, Beijing. [Photo/Xinhua] |
BEIJING - Finance Minister Lou Jiwei said Monday the market mechanism and government support might help China well handle mildly rising bad loans of banks.
Lou said his concerns about the rising non-performing loans were not because of the ministry's major shareholder status in the banks, but the banks' importance to the financial system and national economy.
Most of China's big banks are publicly traded and the Finance Ministry's standing is not different from other investors in terms of shareholder status, Lou said at a press conference on the sidelines of the ongoing annual session of the National People's Congress.
China may roll out policies towards the banks against the backdrop of a "big picture," in the process of deleveraging and slashing overcapacity and overstock, Lou said.
- Former US First Lady Nancy Reagan dies at 94
- Solar Impulse 2 back in the air after battery upgrade
- Jailed 'El Chapo' desperate to be extradited
- S. Korea, US to launch formal talks on THAAD
- Kim Jong Un says to further strengthen nuclear weapons in quality
- Spanish Princess testifies in tax fraud trial
- Boao airport all set for upcoming Asian forum
- Snapshots from the 'two sessions'
- Turn of virtual reality cameras at two sessions
- China's home-made expedition mothership 'Zhang Qian' to be launched in March
- Top 10 countries boosting China's tourist inflows
- Airplane restaurant to open in Wuhan
- World premiums at Geneva Motor Show
- China's top 10 tech startups
Most Viewed
Editor's Picks
Maps show first meeting of East, West |
Spring festival show hits Toronto |
Building education superhighway for youth |
Rep. Mike Honda: serving public from the heart |
China's economy: slowdown clouds reality |
Florida enticing Chinese tourists |
Today's Top News
What ends Jeb Bush's White House hopes
Investigation for Nicolas's campaign
Will US-ASEAN meeting be good for region?
Accentuate the positive in Sino-US relations
Dangerous games on peninsula will have no winner
National Art Museum showing 400 puppets in new exhibition
Finest Chinese porcelains expected to fetch over $28 million
Monkey portraits by Chinese ink painting masters
US Weekly
Geared to go |
The place to be |