It weakened even more on Monday in Hong Kong, where trading is less tightly controlled....
Country Garden has become the country’s largest developer to run into financial difficulties, with some$ 200 billion in unpaid bills. The opaque accounting of China’s state-controlled financial system has made it difficult for outsiders to discern the scale of the banks’ real estate-related losses....
Wider profit margins on loans could help banks accumulate more reserves to offset these losses. Keith Br
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2023-08-21 00:00:00.0