China’s Playing Hot Potato With Its Non Performing Loans

China’s Playing Hot Potato With Its Non Performing Loans

A Non-Performing-Loan (NPL) anywhere outside of China is a pretty uninteresting class of asset. There is no precise universal definition, but an NPL is an asset held by a bank or financial institution that does not generate the expected return.

Ordinarily, a bank is expected either to “write-off” an NPL or make a provision against it on the balance sheet to reflect diminished expectations over its eventual payment. Auditing a bank’s asset book ensures this is done, thus warranting the bank’s solvency.

Given the overall level of transparency in China the figures are difficult to estimate. The official rate, according to the China Banking Regulatory Commission (CBRC) stood at 1.4 trillion yuan, or 1.75% of the total loan book at the end of Q1-2016. Read more

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