-- Chinese financial regulators have in recent months urged major commercial lenders to prioritize the disposal of non-performing real estate loans, Bloomberg reports, citing unnamed sources.
-- Among the banks is Industrial & Commercial Bank of China and some banks have doubled the annual quota at their local branches this year to write off such debt, the people told Bloomberg.
-- The National Financial Regulatory Administration and ICBC didn't immediately respond to Bloomberg.
Full story: https://www.bloomberg.com/news/articles/2025-03-27/china-banks-ramp-up-bad-property-loan-disposals-to-boost-economy
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(END) Dow Jones Newswires
March 26, 2025 21:42 ET (01:42 GMT)
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