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Wednesday, May 15, 2024

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Chinese language financial institution publicity to builders’ unhealthy loans piles up

HONG KONG — Non-performing loans to the true property sector are piling up at China’s main listed banks whilst they search to reassure traders that any influence from deteriorating asset high quality will probably be manageable.

As of the tip of June, the mixture stage of NPL to the sector reached 234.69 billion yuan ($34 billion), a 27.3% enhance from the tip of final yr, based on an evaluation by Nikkei Asia. This compares to a 6.5% enhance within the total NPL to all sectors.

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