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Bank of China (Luxembourg) S.A. -- Moody's: China continues to make progress on limiting risk in the financial sector

Moody's Investors Service says that China (A1 stable) continued to make progress on limiting risk in the financial sector with coordinated measures in the first quarter 2018, according to banking system statistics released by the People's Bank of China and the China Banking and Insurance Regulatory Commission. "In particular, we are noticing slowing asset growth and stabilizing asset quality, as well as accelerating loan growth as banks are returning to conventional lending and away from shadow banking activities," says Nicholas Zhu, a Moody's Vice President and Senior Analyst. Moody's conclusions are contained in its just-released report "Banks -- China: Quarterly snapshot of credit profiles ".