PBOC's Fan Asserts Role of Asset Managers in Bad-Loan Fight

Updated on
  • Weaker economy caused NPLs to climb, deputy governor says
  • Spoke at launch of restructured China Orient Asset Management

Fan Yifei.

Photographer: Qilai Shen/Bloomberg

Chinese central bank Deputy Governor Fan Yifei talked up the importance of asset-management firms created to clean up bad loans at a briefing on Sunday, saying that they played a key role in reducing corporate leverage.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.