BEIJING/SHANGHAI (Reuters) -Five of China's largest banks showed wounds from the ongoing property sector crisis, with bad debts linked to real estate surging in the first half of the year, even as ... ( read original story ...)
China’s Largest Banks Show Wounds From Property Sector Crisis
BEIJING/SHANGHAI (Reuters) -Five of China's largest banks showed wounds from the ongoing property sector crisis, with bad debts linked to real estate surging in the first half of the year, even as ... ( read original story ...)
China’s ICBC says frozen property projects involve 637 million yuan of sour mortgage loans
BEIJING/SHANGHAI : Industrial and Commercial Bank of China Ltd (ICBC) said on Tuesday frozen property projects involved 637 million yuan of non-performing mortgage loans at the end of June. The ... ( read original story ...)
China’s August factory activity likely shrank amid COVID flare-ups, property crisis – Reuters poll
China's factory activity likely contracted again in August, a Reuters poll showed on Monday, as COVID flare-ups and a distressed property sector pummelled demand while a power crunch in southwestern ... ( read original story ...)
Loan woes, China’s troubled property market hits banks
Troubling news continues to flow from China’s property market as a series of mainland developers report sharp slowdowns and even reversals from last year’s robust first-half profits before the current ... ( read original story ...)
China’s Bank of Communications warns of property market risks
BEIJING/SHANGHAI (Reuters) -China's Bank of Communications (BoCom) on Friday warned of liquidity risks in the property sector after it posted an almost 5% rise in first half net profit. "Asset quality ... ( read original story ...)
Exclusive: Some Chinese financiers cold shoulder Beijing’s property rescue call
Some of China's state-backed financial institutions are pushing back on Beijing's calls to support the embattled property sector due to concerns about the impact of such exposure on their balance ... ( read original story ...)