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Article: NEW SYSTEM KEEPS TRACK OF LOANS

Article from:
AsiaInfo Services
Article date:
May 26, 1998
Copyright

AsiaInfo Services
05-26-1998
New System Keeps Track of Loans

CHINA, May 26, AsiaInfo Services, Inc -- The People's Bank of China
has released its plan for a new way for banks to classify loans. Bank
sources say loans will be classified into categories ranging from
standard to risky. This move follows a series of financial reforms
where the ceiling on commercial loans was lifted, State-owned
commercial bank capital was improved, and interest rates were lowered.
Analysts say the new ...

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