Chinese banks have seen a 27% surge in non-performing loans (NPLs) to the country’s ailing property sector since the end of last year, according to analysis by Nikkei Asia.
Real estate sector NPLs now make up 12.3% of the banks’ total bad loans, up 2% points this year so far and of the of the 46 mainland banks surveyed, the report went on, 22 saw their NPL share to the sector rise by double-digits in the last eight months.
Full story: Nikkei Asia
Read more:
China Property Bonds Being Shunned Over Default Danger
China Banks, Officials Resisting Beijing’s Property Rescue Call
China Property Service Groups Hurt by Parents’ Debt Woes
Asia-Focused Funds Snared by Deepening China Property Crisis
Officials from some of the world's biggest cities are in Washington to lobby for better…
China announces "anti-dumping penalties" on imports of a US chemical and orders Apple to cut…
Chinese companies invested in included the Aviation Industry Corp of China, a defence conglomerate that…
US tech giant said Beijing ordered it to cut the messaging apps because of national…
Israel’s missile attack on Iran sent investors heading for safe-haven currencies, gold and crude oil
Multi-year satellite study finds 45% of big Chinese cities are subsiding over 3mm a year,…