Half of Big China Banks Cut Loans to Property Sector – Nikkei

More than half of China’s leading lenders reduced their exposure to the real estate sector last year, in a trend likely to exacerbate the cash squeeze for troubled developers, Nikkei reported.

Outstanding loans to the industry decreased at the end of 2021 from a year ago at 17 out of 32 leading banks listed on the Hong Kong stock exchange. They include state-owned China CITIC Bank and China Minsheng Bank, the country’s largest privately owned bank.

Read the full report: Nikkei Asia

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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