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CN Watchdog To Unwind Curbs on Negative Profit Growth of Mega Banks in 3Q: Rumor
China's financial watchdog will unwind the requirement of negative profit growth on mega banks in 3Q20 to cope with sequential slide of capital adequacy ratio and high risk of ...
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CN Watchdog To Unwind Curbs on Negative Profit Growth of Mega Banks in 3Q: Rumor
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2020/10/13 15:03
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China's financial watchdog will unwind the requirement of negative profit growth on mega banks in 3Q20 to cope with sequential slide of capital adequacy ratio and high risk of bad debts, Bloomberg reported.

China Banking and Insurance Regulatory Commission (CBIRC) has recently talked with some national commercial banks and allowed disclosure of such banks about their differentiated negative growth of net profit in 3Q20, people familiar with the matter revealed.
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