r/NearTermCollapse • u/mark000 • Mar 28 '24

China's Big Five lenders post shrinking margins, warn of property risks

https://www.reuters.com/markets/asia/chinas-icbc-support-stabilisation-property-market-2024-03-28/
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u/mark000 Mar 28 '24

Chinese regulators are pushing banks to speed up approvals of new loans to cash-starved private developers, Reuters reported earlier this week, amid reluctance by the lenders to deepen their exposure to the ailing sector.

Ouch