Slow growth to put banks under pressure

Increasing nonperforming loans, rise of Internet finance among major challenges for sector this year JIANG XUEQING

The nation pursued financial reforms in an orderly manner in 2014 by introducing measures on interest rate liberalization, expanding the scale of direct financing and accelerating the two way opening-up of its capital market.

With the deepening of financial reforms and continued slowdown of economic growth, Chinese banks will face increasing pressure from bad loans, narrowing of net interest margins and financial disinter mediation this year.