China Realty Crisis Ripples Through Its Biggest Banks
Business Standard|March 29, 2024
China's protracted property downturn is eroding the balance sheets of the nation's largest state banks as their bad loans creep up.
China Realty Crisis Ripples Through Its Biggest Banks

Bank of Communications reported that its property bad loan ratio jumped to 4.99 per cent at the end of last year from 2.8 per cent a year earlier. While the balance of its overdue mortgages slipped, the special mention loans for the segment-a leading indicator of soured loans - jumped 23 per cent to 9.88 billion yuan ($1.4 billion).

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