StanChart reports solid results, but China continues to drag

Another $850m impairment charge on Bohai Bank as real estate crisis continues

20240223 StanChart .jpg

Standard Chartered has cut back on its exposure to the Chinese commercial real estate sector. (Photo by Kenji Kawase)  

KENJI KAWASE and ECHO WONG, Nikkei staff writers

HONG KONG -- Standard Chartered reported solid, double-digit, top and bottom line growth in 2023, while its China operation continued to be impacted by the country's real estate crisis.

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