China's Banks Getting Less Strict on Bad Loans, Moody's Says
- Lenders fail to include some debt overdue at least 90 days
- Chinese banks' profits to weaken further in second half
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China’s banks are getting less strict in recognizing bad loans, failing to include some debts that have been overdue for at least 90 days, according to Moody’s Investors Service.
The ratings company cited its analysis of the first-half results of 11 listed banks including Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp., in a statement in Hong Kong on Monday.