SHANGHAI: China disposed of around 2 trillion yuan (US$289.11 billion) in non-performing loans over the whole of last year amid a national campaign to restrict high-risk lending, the country's banking regulator said during a weekend meeting.
The China Banking and Insurance Regulatory Commission (CBIRC) said in a notice published late on Saturday that the total assets of the country's shadow banking sector had fallen by 16 trillion yuan over the past three years.
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