China Banks See Bad Property Loans Piling Up

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

By Sean O’Meara

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.