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Premier Wen says reform is key to resolving NPL problem


Premier Wen Jiabao said in Beijing Tuesday that reform is the key to resolve the problem of the high non-performing rate of loans (NPL) in State-owned commercial banks.

The banks will focus on the building of modern corporate structure and the establishment of modern financial system and will create conditions to carry out share-holding system in a bid to cut down non-performing loans, he said.

March 18, 2003

CCTV.com

By Xiaowei according to Xinhua News Agency

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