3 years after Evergrande crisis, China’s key banks struggle to cap property risk exposure

Quick Summary:

Banks in China are faced with an elevated non-performing loans (NPLs) ratio amid efforts to stabilise the national economy and fend off financial risks.

The big four banks, which account for most of China’s bad property loans, are on the list of “global systemically important banks” by the Bank for International Settlements.

It marked a slight fall from 5.5 per cent at the end of last year, but remained high compared to the overall average NPL ratio of 1.56 per cent at the end of June.

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Article Details

Author / Journalist: Sylvia Ma

Category: Business

Markets: Hong KongChina

Topics: Property Cent Bank Important Ratio Systemically Financial China Banks Loan China’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 15:00:10 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 195 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22388210

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