Loans sound
22/4/2005 9:36
Shanghai Daily News
The city has one of the most
credible financial systems in Jiangsu Province. At the end of March, the city's
non-performing-loan ratio for industrial loans was 3.54 percent. The ratio in
the city has increased no more than 1 percent in five years. National practice
requires the non-performing-loan ratio not be higher than 8 percent. At the
request of the city government, the People's Bank of China supervises the city's
financial dealings with enterprises. The bank's assessments are of paramount
importance in bringing credibility to local governments and helping enterprises
which want to get official recognition to be more attractive to investors.
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