Demonstrators held banners during a protest over the freezing of deposits by rural-based banks, outside the Zhengzhou branch of the People’s Bank of China on July 10, 2022 in the Henan provincial capital, in this screengrab taken from video obtained by Reuters.
Demonstrators held banners during a protest over the freezing of deposits by rural-based banks, outside the Zhengzhou branch of the People’s Bank of China on July 10, 2022 in the Henan provincial capital, in this screengrab taken from video obtained by Reuters.

China deploys bad-loans expert to clean up Henan’s festering banking and property mess

  • Henan Asset Management Corporation (AMC) appears to be one of the first local AMCs to help tackle difficulties of property developers in the current round of crisis
  • A proposed rescue fund is expected to focus on ensuring delivery of properties, analyst says

Demonstrators held banners during a protest over the freezing of deposits by rural-based banks, outside the Zhengzhou branch of the People’s Bank of China on July 10, 2022 in the Henan provincial capital, in this screengrab taken from video obtained by Reuters.
Demonstrators held banners during a protest over the freezing of deposits by rural-based banks, outside the Zhengzhou branch of the People’s Bank of China on July 10, 2022 in the Henan provincial capital, in this screengrab taken from video obtained by Reuters.
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