Chinese regional banks sell mortgaged assets amid property sector bad loan crisis

Beijing [China], September 7 (ANI): Amid the downturn in China's property market, regional banks are increasingly selling off non-performing real estate loans despite government efforts to stimulate the housing sector.

By June 2024, non-performing industrial loans at local banks had reached nearly two billion yuan, a 5 per cent increase from December 2023 and a 78 per cent rise from 2022. On Wednesday, the Bank of Zhengzh