Chinese banks must brace for surge in bad loans, regulator saysChina’s banks should brace for a big jump in bad loans due to coronavirus-induced economic pain, the financial regulator said on Saturday, noting the deterioration of asset quality at some small and mid-sized financial institutions was accelerating.

China’s banks should brace for a big jump in bad loans due to coronavirus-induced economic pain, the financial regulator said on Saturday, noting the deterioration of asset quality at some small and mid-sized financial institutions was accelerating.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/EpzWJFKmajA/chinese-banks-must-brace-for-surge-in-bad-loans-regulator-says