Foreign investors' China share sales hit record amid property woes

Banks flag worsening nonperforming loans in earnings

20230824  Country Garden

A Country Garden construction site. The company, one of China's biggest developers, has missed payments on two dollar-denominated bonds and is in talks with creditors. © Reuters

ECHO WONG, KENJI KAWASE and PEGGY YE, Nikkei staff writers

HONG KONG -- Foreign investors have sold more Chinese stocks so far in August than in any month on record amid growing concerns that trouble in the property market will spread to the financial sector.

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