People walk past a branch of China Minsheng Bank in Beijing. Photo: Reuters People walk past a branch of China Minsheng Bank in Beijing. Photo: Reuters
People walk past a branch of China Minsheng Bank in Beijing. Photo: Reuters

China Evergrande’s creditor Minsheng Bank pares loans to developer amid concerns about leverage, default

  • China Minsheng has reduced its exposure since September to ‘within controllable range’, bank says in reply to investors
  • Lender’s comments came a day after Fitch Ratings downgraded Evergrande’s rating to B with a negative outlook

Topic |   China property
People walk past a branch of China Minsheng Bank in Beijing. Photo: Reuters People walk past a branch of China Minsheng Bank in Beijing. Photo: Reuters
People walk past a branch of China Minsheng Bank in Beijing. Photo: Reuters
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