China real estate
Nanyang Commercial Bank needs more loss provisions to resolve property woes
Nanyang Commercial Bank needs more loss provisions to resolve property woes
The bank is expected to face profitability and asset quality challenges through 2025.
China’s measures to fix property slump raises risks for banks
Lower down payments may embolden buyers to walk away, analysts warned.
Weekly Global News Wrap: Citi to divest Mexico consumer arm via sale or IPO; Wells Fargo hires third-party race auditor
And China’s homeowners rush to offload mortgages.
Bank of China bad loans, capitalization ‘stable’ amidst real estate woes: S&P
BOC’s NPL ratio for mainland real estate loans rose 62 basis points in H1.
Mortgage boycott threatens Chinese banks’ loan quality
This highlights the need to tighten regulatory oversight of escrow accounts, Fitch said.
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