Chinese bank exposure to developers' bad loans piles up

Concern grows over resilience of smaller lenders as property market cools

20220902 ICBC and unfinished buildings

Total loans to the real estate sector grew 3.3% in the first half, while overall lending rose 7.9%, indicating banks have started to dial back their exposure to the ailing sector. (Source photos by Getty Images and Reuters)

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- Non-performing loans to the real estate sector are piling up at China's major listed banks even as they seek to reassure investors that any impact from deteriorating asset quality will be manageable.

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