China, scrambling to lure investment as it cleans up a creaky financial sector, said on Friday it had no timetable for lifting curbs on foreign ownership of banks and was on guard against a rash of new bad loans.
Bad loans on the books of of major financial institutions dipped below 10 percent of all loans for the first time at the end of September, more than 4 percentage points lower than at the beginning of the year, the top bank regulator said.
For this complete story, please visit Chinese Bank Regulator Warns of Bad Debt Challenge.
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