HONG KONG -- During their recently concluded earnings season, Hong Kong-listed Chinese banks sent a positive signal about their asset quality. Even as China's property market faltered, their nonperforming loan ratios -- which measure bad debts as a percentage of the total -- remained steady overall.
Many bad loans at China's midsize banks have ended up on the books of state-owned distressed asset management companies. (Source photo by AP)
Market Spotlight
Chinese banks ditch bad loans amid property woes
Hundreds of billions of yuan in distressed assets were sold last year
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