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Commercial lenders must increase their loan loss provisions in advance and dispose of more nonperforming loans to prevent further asset quality erosion due to the lingering effects of the COVID-19 epidemic, according to a senior central bank official.
Co-hosted by the Chinese People's Association for Friendship with Foreign Countries and the Australia China Friendship and Ex?change Association, the forum aims to enhance understanding and expand consensus among parties through discussions on important topics in the economy, politics and culture, thereby facilitating regional and global cooperation.
Commercial banks will be able to set up financial asset investment and wealth management companies with no foreign capital limit. Meanwhile, foreign-controlled securities companies, investment funds and futures companies will be allowed to provide brokerage and consulting services.
Combining old and new, the coastal city of Qingdao in East China's Shandong Province is this year's host to the 18th SCO Summit in June.
Commercial housing sales in terms of floor area totaled 219.78 million square meters from January to March, down 26.3 percent year-on-year, 13.6 percentage points slower than the January-February drop.
来源：资阳报