ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Singapore banks raise their China stakes amid Evergrande crisis

ASEAN's largest lenders tap economic powerhouse on path to COVID recovery

Singapore's three biggest lenders see China as a key market for growth as the world struggles to emerge from the COVID-19 pandemic.   © Reuters

SINGAPORE -- Singapore's largest banks are raising their stakes in the Chinese market, even as fears linger of a wider economic fallout from the woes of China Evergrande, the world's most indebted property developer.

DBS Group Holdings, Oversea-Chinese Banking Corp. and United Overseas Bank -- some of the biggest lenders in the 10-member Association of Southeast Asian Nations -- this week reported figures that showed surging profit and increased lending to clients in China.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more