China Property Woes Put $1 Billion of Loans at Risk in Just Days
Banks in Asia are getting caught in the latest flare-ups in China’s real estate crisis, as more than $1 billion in property-backed loans is at risk of default unless extension...
By Apple Ka Ying Li, Janice Huang, Kari Soo Lindberg · Bloomberg Markets
Banks in Asia are getting caught in the latest flare-ups in China’s real estate crisis, as more than $1 billion in property-backed loans is at risk of default unless extension or refinancing deals can be reached.