Chinese lenders have made good progress in improving risk management and corporate governance, but completing bank reform will still take years, chief banking regulator Liu Mingkang said on Monday.
In an interview for the Reuters China Century Summit, Liu said handling risk remained an important challenge but he saw no reason to expect China's non-performing loan ratio, which has fallen to 7.5 percent, to climb back into double digits.
"I'm very confident about China's future and the banking sector," said Liu, who has chaired the China Banking Regulatory Commission since it was established in 2003. "We are proud of what we have achieved in the past three years."
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