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来源:贾跃亭的“白衣骑士”们  作者:   发表时间:2019-10-22 04:01:02

  ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.

  ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.

  TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)

  AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)

  TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.

  TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.

  A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)

  TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)

  ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.

  ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)

  TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)

  TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.

  ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.

  AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)

  TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.

  TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.

  TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)

  A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.

  AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.

  ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)

  ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)

  ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)

  A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)

  TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.

  TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)

  A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)

  TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)

  TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.

  ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.

  A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.

  AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)

  TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.

  TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)

  A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.

  TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.

  TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)

  ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.

  ThegovernmenthasgivenState-ownedbanksadditionalcreditquotasfordeploymenttothenonfinancialsectorbytheendofthismonth,pumpingmoremoneytoeasethefundingcrunchduetotherelativelytightmonetaryenvironment,sourcesfamiliarwiththemattersaidonWednesday.AmanagerwithaleadingState-ownedbankwhodeclinedtobenamedsaidhisbankhasbeengivenanadditionalquotaandthefundsareexpectedtobeissuedbytheendofJune,inordertosupportthenonfinancialsector.Thequotaisnotpartoftheoriginallysanctionedfull-yearlendingquota,hesaid,addingthattheoverallcreditenvironmenthadremainedtightinthepastfewmonthsasthegovernmenthassteppedupitsdeleveragingefforts.TheadditionalcreditquotadevelopmenthasalsobeenconfirmedbyanotherunnamedsourceatoneofthetopfourmajorState-ownedbanks.ThemovecomesafterdatainMayfromthecentralbankreflectedarelativelytightmonetaryenvironment.Chineselendersdisbursed1.15trillionyuan(0billion)ofloansinMay,comparedto1.18trillionyuaninApril,datafromthePeople'sBankofChina,thecentralbank,showedonTuesday.Theoverallsocialfinancing,whichisabroadmeasureofcreditandliquidityintheeconomy,droppedto760.8billionyuaninMayfrom1.56trillionyuaninApril,itsaid.Economistshaveattributedthedeclinetothegovernment'scrackdownonfinancialrisks,whereslowergrowthofnonstandardcreditassets-assetsthatarenotonbankbalancesheets-hasplayedakeyroleleadingtooverallslowersocialfinancingexpansion.Someeconomistsareoftheviewthatthecentralbankmightlowerthebanks'reserverequirementratiointhesecondhalfoftheyearandkeepliquidityrelativelyloose,whiletakingstepsinguidingthemarketfundingrateamidexpectationsofaU.S.interestraterise.Earlierlastmonth,theNationalDevelopmentandReformCommissionheldaclosed-doormeetingwithChina'smajorcommercialbanks,discussingdetailsofaplantolendmoresupportforlendingtosmallandmedium-sizedenterprises.AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.

  A4KUHDlivebroadcastofasurgerytotreatachestdeformitythroughthe5GnetworkattheSecondPeople'sHospitalinGuangdongProvince,April1,2019.DoctorsatYanshanHospitalinQingyuanCity,alsointheprovince,learnedaboutthesurgeryviathelivebroadcasting,thefirstsuchpracticeintheprovince.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)DoctorQiYongattheSecondPeople'sHospitalinGuangdongProvincesupervisesasurgeryatYanshanHospitalthrougha4KUHDlivebroadcastvia5G,April1,2019.(Photo:ChinaNewsService/ZhongXin)TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.

  TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.

  AclerkcountscashatabankinHuaibei,Anhuiprovince.(PhotoprovidedtoChinaDaily)Creditstructureoptimization,betterriskmanagementstepsboostoperationsAssetqualityofChina'slargeState-ownedcommercialbanksremainedstablelastyearasthebankscontinuedtooptimizetheircreditassetstructuresandenhancedriskmanagementcapabilities,industryinsiderssaid."Weareinpursuitofprudentoperationsthatcouldresisteconomiccycles,"saidGuShu,presidentofIndustrialandCommercialBankofChinaLtd(ICBC),thecountry'slargestcommerciallenderbyassets.Thenon-performingloanratioofICBCdropped3basispointsyear-on-yearto1.52percentattheendof2018,fallingforeightconsecutivequarters.Specialmentionloans,orpotentiallyweakloansthatmaysparkunwarrantedcreditrisks,decreasedbymorethan111billionyuan(.5billion)lastyear.Thedifferencebetweenoverdueloansandnon-performingloansdroppedby46percent,substantiallyrelievingthepressureofdeteriorationonassetquality.Thebankhassignificantlyimprovedassetqualitymanagementcapabilitiesthroughtheadoptionoffinancialtechnologiesorfintech.Usingbigdatatechnology,itbuiltnearly100models,usingwhichitestablishedastrongriskmonitoringsystem.Thesystemensuresthebankwouldnotextendtotalloansinexcessof120billionyuanattheinitialstagebystrictlyexaminingtheclient'sloanaccesseligibility,saidWangBairong,chiefriskofficerofICBC.Inthepastfewyears,thebankputgreateremphasisonatop-leveldesign.Eachyear,ithasaplanforthedirectionandvolumeofnewloansintermsofgeographicalandindustriallayout.Asaresult,theNPLratioofitsnewloansissuedsince2015wasonly0.42percentattheendoflastyear.ChinaConstructionBankCorp(CCB)alsoadoptedstringentriskmanagementandstrivedtooptimizecreditassetstructurelastyear.Asattheendof2018,itsNPLratiostoodat1.46percent,adecreaseof3basispointsfrom2017.XuYiming,chieffinancialofficerofCCB,said:"AlthoughourNPLratioisstillverylow,wefeelthatitishardtokeepourbadassetsatafairlylowlevelduetomanyreasons,includingtheoveralleconomicenvironment,ourownproblems,andtheproblemsassociatedwithvariouslevelsoflocalgovernment."Oncethemacroenvironmentchanges,ourNPLratiomayrise.Sowemustadheretoprudentoperationsasifwearewalkingonthinice."Lastyear,thebankincreasedtheratioofallowanceforloanimpairmentlossestoNPLsby37.29percentagepointsyear-on-yearto208.37percent.JohnQu,aseniorpartneratMcKinsey,said:"Toachievehigh-qualitydevelopment,banksshouldpromotetransitionstocomprehensiveriskmanagementandbuildstrategy-orientedriskmanagementsystemsbasedonrefinedmanagementinstruments,whiletheyacceleratetheapplicationoffinancialtechnologyinthisarea."InarecentreportontheChinesefinancialsector,McKinseyadvisedfinancialinstitutionstoimplementsuchtransitionsbymakingstrategiesforriskpreferenceandmanagement,ensuringhigheffectivenessofriskgovernancemechanisms,providingrelevantinfrastructuresupport,andbuildingastrongriskculture.LiuJiandong,chiefriskofficeratBankofChinaLtd(BOC),saidthebankcontinuouslystrengthenedcreditriskmanagement,proactivelyidentifyingandresolvingpotentialrisk.Inaddition,thecommerciallenderusedacombinationofmeasures,includingcashcollections,restructuringandwrite-offs,tostepuptheresolutionofnon-performingassets.Itsdomesticbranchesresolved152.5billionyuanofNPAslastyear,up13.45percentyear-on-year."Weestimatethatourbank'sassetqualitywillremainstablethisyear,withgoodmomentumforimprovement,"hesaid.Attheendof2018,theNPLratioofBOCdroppedby3basispointsyear-on-yearto1.42percent.ItscounterpartAgriculturalBankofChinaLtd(ABC)recordedcontinueddeclinesinboththeratioandbalanceofNPLslastyear.ABC'sNPLratiofell22basispointsfromthepreviousyearto1.59percent,andtheNPLbalancedecreasedby4.03billionyuanto190billionyuan.TheassetqualityofChina'slargeState-ownedcommercialbankscontinuedtoimproveduringthefirstsixmonthsofthisyear,andprovedtobeacrucialfactorintheirprofitgrowthduringthesameperiod.AsofJune30,thenon-performingloanbalanceofAgriculturalBankofChinaLtddeclinedby8.1billionyuan(.2billion)fromthebeginningofthisyearto185.9billionyuan.ItsNPLratiodroppedby19basispointsto1.62percent.TheNPLratioofIndustrialandCommercialBankofChinaLtd,ChinaConstructionBankCorp,andBankofChinaLtdalsofellby1basispoint,1basispointand2basispointsrespectively."TheassetqualityoflargeState-ownedcommercialbankshasbottomedout,reflectingthedeepeningofadjustmentsintherealeconomy.Theadjustmentsincludethebanks'effortstoreadjustthestructureofcreditandtacklebadloans,"saidZengGang,directorofbankingresearchattheChineseAcademyofSocialSciences'InstituteofFinanceandBanking."Assetqualityimprovementbecameamajorsourceofcontributiontobanks'profitgrowth,asthedemandfornewprovisionstoloanlossesreduced,resultinginareductionofcosts,"Zengsaid.AgriculturalBankofChinaposteda6.7percentnetprofitgrowthyear-on-yearinthefirsthalf,hittingarecordhighinthepastthreeyears.ICBC,CCBandBOCalsorecordedprofitgrowthof4.5percent,6.08percent,and5.21percentrespectively."Chinahasmadepositiveprogressineconomicrestructuring,transitionofgrowthdrivers,andthebattleagainstmajorfinancialrisks,"saidZhaoHuan,presidentofAgriculturalBankofChina,atanewsconferenceonTuesday.InspiteofhisstrongconfidenceintheChineseeconomy,ZhaosaidAgriculturalBankofChinahasbeenconstantlyobservingtheimpactofUS-Chinatradeconflictsontheglobaleconomyandhaspreparedinadvanceforpossiblerisks.HuangZhiling,chiefeconomistofCCB,agreedwithZhaoandsaid:"Theworldeconomicenvironmentishighlyuncertaininthesecondhalfofthisyear...Bankswillfacegreaterchallengesinriskmanagementasfinancialmarketfluctuationsintensify.Ourexecutivemanagementteamhasrealizedthesechangesandtakenmeasuresaccordingly."Amidnewchallengesduetochangesintheexternaleconomicenvironment,variouscirclesoftheChinesesocietyareexpectinganincreaseinthebankloansupply,saidWangZuji,presidentofCCB."State-ownedcommercialbankswillstepupcreditsupportformajorinfrastructureprojectsandtherestructuringoftheChineseeconomythroughinnovationofproductsandservicemodels,"Wangsaid.Duringthefirstsixmonths,newonshorerenminbiloansofBOCreached414.5billionyuan,mainlydirectedtokeyareasofnationaleconomy.Thebank'slendingwillkeepgrowingsteadilyinthesecondhalfandsupportthedevelopmentofstrategicemergingindustriesincludinghigh-endmanufacturing,informationtechnologyandenvironmentalprotection,saidLiuLiange,presidentofBOC."We'lluseourglobalnetworktoattractforeigninvestmentsinChina...andwillstrivetodeveloptradefinance.Weplantoofferinternationaltradesettlementof0billiontoforeigntradeenterprisesinthesecondhalf,plustradefinanceandguaranteesworth0billion,"Liusaid.TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsalimestone-madecoffininQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsmummiesuncoveredinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)TheundatedphotoprovidedbyEgyptianMinistryofAntiquitiesonApril1,2019showsthreesmallstatuesinQuesnacityofMenoufiaprovince,Egypt.AnEgyptianarchaeologicalmissionuncoveredalimestone-madecoffininQuesnacityofMenouifiaprovince,thecountry'sMinistryofAntiquitiessaidinastatementonMonday."Twomummieswerefoundinsidethetwo-meter-longand60-centimeter-widecoffin,butinbadconditions,"saidMostafaWaziri,secretarygeneralofEgypt'sSupremeCouncilofAntiquities(SCA),inthestatement.Othergoldenplates,bronzecoinsandthreesmallstatueswerediscoverednearthecoffin.(Xinhua)

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