• 11/26/2024

China’s lawmakers issue rare warning over banks’ asset quality due to inflated, inaccurate data

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Standing Committee of the National People’s Congress warned some data at China’s small and medium-sized financial institutions does not ‘truly reflect the actual situation’ during a meeting last month.

https://www.scmp.com/economy/china-economy/article/3242557/chinas-lawmakers-issue-rare-warning-over-banks-asset-quality-due-inflated-inaccurate-data?utm_source=rss_feed