Banks 'stable' for 12-18 months, Moody's says

The Chinese banking sector was given a "stable" outlook over the next 12 to 18 months amid a steady operating environment, according to a report released by credit ratings agency Moody's.

The stable assessment took into account China's continued economic growth, which benefited from more accommodative policies and a transition of the economic structure to higher value-added sectors, the report said.

Yulia Wan, a Moody's analyst, said China had shifted toward more accommodative policies, balancing efforts between advancing deleveraging and sustaining growth.