MNI BRIEF: China Improves Credit Evaluation To Boost Loans

Officials have released a national standard for business credit evaluation indicators, aiming to expand the scale and coverage of loans for individual businesses, the State Administration for Market Regulation said on Wednesday. 

The move assists financial institutions to provide financial products and services tailored to individual businesses, a statement from the administration said.

Calls are growing for the creation of dedicated bad banks to absorb nonperforming loans by China’s local government and property developers, prominent scholars and policy advisors told MNI. (See MNI: China Bad Bank Calls Grow As Debt)