ICBC readies for credit risk, fintech challenges

摘要

The chairman of industrial and commercial bank of china is more concerned about long-term challenges to the country's financial sector than the short-term threat posed by bad loans. Yi Huiman, who took over as chairman a year ago, has presided over a modest improvement in asset quality in the latest quarter, with non-performing loans shrinking by 3bp to 1.59% of assets in the three months to March 31.