China Evergrande's lenders weigh up loan losses, rolling over credit - RTRS cites sources
#EvergrandeGroup #Evergrande
#EvergrandeGroup #Evergrande
Agricultural Bank of China has made some loan loss provisions for some of its Evergrande exposures. China Minsheng Banking Corp’s loan exposure to Evergrande cut to 30 bln yuan from 40 bln in past year.
#EvergrandeGroup #Evergrande
#EvergrandeGroup #Evergrande
It is possible the government may step in to manage an orderly collapse of #Evergrande, said two banking sources familiar with the matter. "And the regulators have done related risk evaluation among the financial institutions before letting it happen," one of them said.
The Chinese banks’ measures, reported for the first time, show how financial institutions in the world’s second-largest economy are bracing for a possible collapse of #Evergrande.
reuters.com/article/china-…
reuters.com/article/china-…
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