CBRC official: NPL risks under control

China's banking regulator said the risks associated with nonperforming loans, including those to property developers, remain controllable in spite of restructuring in the industry and an economic downturn.

The banking sector's asset quality is relatively stable, and loans to industries with excess capacity don't account for a large proportion of the total, Wang Zhaoxing, vice-chairman of the China Banking Regulatory Commission, told a news conference in Beijing on Friday.

Wang said that the potential risks of loans to local government financing vehicles and the property market "can be managed".