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China's banking and insurance regulator urged relevant financial institutions to take multiple measures to dispose of and mitigate the risk of banks' nonperforming assets, in addition to classifying bank loans strictly according to their inherent risks as "pass, special-mention, substandard, doubtful and loss" to truly reflect their risk level, Xiao Yuanqi, chief risk officer and spokesperson of the China Banking and Insurance Regulatory Commission, said at a news conference on Oct 21.
China's 2 trillion yuan (1 billion) tax and fee cut plan continued to pull down government income in October, pushing officials to expand non-tax revenue and maintain stable fiscal spending to support economic growth, according to the Ministry of Finance.

China's Supreme People's Court (SPC) will start to hear intellectual property rights (IPR) appeals that require more expertise from Jan 1, 2019. [Photo/IC]
China's Criminal Law stipulates that trafficking of endangered animals can lead to up to ten years behind bars.
China will take firm steps to stop the unauthorized levy of fees on businesses by industry bodies and associations, as part of its larger drive to energize the market and lift the burdens that are hurting companies, government officials said on Tuesday.
来源:资阳报