Low lending standards provide NPL opportunities in China

China has a cycle all of its own, commented panellists at the AsianInvestor and FinanceAsia Asia-Pacific Debt Investor Forum in Hong Kong last week.  Lending in China has increased in the past 12 months, as banks have deployed more money on macro government policy than on fundamental ratio-based lending. Assuming that splurge in lending will eventually result in a number of non-performing loans, they will in due course be transferred to distressed investors. "It will take time to im…