Many Chinese banks are creditors to troubled developers such as Evergrande and Fantasia, which have missed some payments to bondholders. Photo: Bloomberg
Chinese banks set to report strong third-quarter profit as wealth management fees, loans growth outweigh exposure to troubled property developers
- Lenders should report 10 per cent profit growth thanks to strong fees income, resilient loan growth, analysts say
- Their exposure to troubled Chinese developers remains limited, and poses little threat to their asset quality for now
Many Chinese banks are creditors to troubled developers such as Evergrande and Fantasia, which have missed some payments to bondholders. Photo: Bloomberg
