Five of China's largest lenders have posted shrinking net interest margins (NIM), while warning of ongoing property sector risks. Amid a slowing economy, China's lenders are under pressure to reduce ... ( read original story ...)
China’s ICBC to support stabilisation of property market
SHANGHAI: The Industrial and Commercial Bank of China said on Thursday it will support moves underway in the world's second-largest economy to stabilise its property market. The comments were made by ... ( read original story ...)
China property crisis rippling through its biggest banks
Bank of Communications said its property bad loan ratio jumped to 4.99 per cent from 2.8 per cent a year earlier. Read more at straitstimes.com. ( read original story ...)
China, HK stocks end higher, property sector in focus
China's property market volatility has limited impact on the country's financial system, and some " positive signals " have emerged in the market, the central bank's governor said on Monday. Foreign ... ( read original story ...)
China stocks edge lower as yuan eases, property sector in focus
The biggest percentage gainers in the main Composite index were Jiangsu Liance Electromechanical Technology , up 14.8%, followed by Beijing Dalong Weiye Real Estate Development, gaining 10.18%, and ... ( read original story ...)
China’s stock watchdog fines property developer Evergrande, slaps lifetime ban on its chairman
Troubled property developer China Evergrande Holding says Beijing's stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue, among other allegations ... ( read original story ...)
Chinese Property Giant Hit With Damning Financial Charges
China's securities regulator handed Evergrande a $583 million fine and barred founder Hui Ka Yan from the capital markets. ( read original story ...)