Asset quality of Chinese commercial lenders remains stable

The asset quality of Chinese commercial banks remained stable as their nonperforming loan ratio rose by just 1 basis point from the previous quarter to 1.81 percent at the end of the second quarter of the year.

During the same period, the amount of nonperforming loans of commercial banks increased 3.6 percent to 2.24 trillion yuan ($317 billion).

Outstanding loans classified as special-mention assets, which refer to potentially weak loans presenting an unwarranted credit risk, went up by only 0.8 percent to 3.63 trillion yuan, said data released by the China Banking and Insurance Regulatory Commission (CBIRC) on Monday.