Improving Debt Provisioning by Chinese Financial Institutions: New Ministry of Finance Rules

Curbing non-performing debts on the books of China's financial institutions remains one of the economy's most pressing concerns. To this end, the Ministry of Finance has issued measures requiring financial institutions to set aside provisions for debts based on their underlying risks.

11 minute readOctober 31, 2005 at 11:58 PM

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By Michael G. DeSombre and Weiheng Chen, Sullivan & Cromwell LLP, Hong Kong

On May 25, 2005, the PRC Ministry of Finance (MOF) issued Measures for the Administration of Debt Provisioning by Financial Institutions

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