China says bad loans may rebound in 2014 but still under control

BOAO, China, April 8 Tue Apr 8, 2014 7:01am EDT

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BOAO, China, April 8 (Reuters) - China's banks may see their bad loans rebounding this year due to the government's efforts to reduce overcapacity in some industries, Yan Qingmin, a vice chairman of the China Banking Regulatory Commission (CBRC) said on Tuesday.

Yan told reporters at the Boao forum that the average non-performing loan ratio of Chinese banks could still be kept around 1 percent at the end of 2014, as they have set aside enough provisions. (Reporting by Aileeng Wang and Kevin Yao; Editing by Clarence Fernandez)