Improving Debt Provisioning by Chinese Financial Institutions: New Ministry of Finance Rules

Curbing non-performing debts on the books of China's financial institutions remains one of the economy's most pressing concerns. To this end, the Ministry of Finance has issued measures requiring financial institutions to set aside provisions for debts based on their underlying risks.

11 minute read October 31, 2005 at 11:58 PM

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By Michael G. DeSombre and Weiheng Chen, Sullivan & Cromwell LLP, Hong Kong

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