Analysis

Provincial NPL
 
Bad Banks
 
Bad Loans
 
March 12, 2018

In 2014, the China Banking Regulatory Commission (CBRC) started approving the establishment of local asset management corporations (AMCs)—otherwise known as bad banks—to compete alongside the Big Four AMCs (Cinda, Huarong, China Orient, and Great Wall) that had been operating at the national level since 1999. Although the new provincial AMCs were granted the right to buy batches of nonperforming loans… READ MORE