Property loans in China currently make up about 39 per cent of total outstanding bank lending, says Guo Shuqing. Photo: Xinhua
Property loans in China currently make up about 39 per cent of total outstanding bank lending, says Guo Shuqing. Photo: Xinhua

Is China ripe for a subprime crisis? Regulator sees bank property loans as ‘biggest grey rhino risk’ for financial system

  • Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, says property is now the biggest risk facing China’s financial system
  • Property loans in China currently account for about 39 per cent of total outstanding bank lending, and Guo says steps must be taken to avoid ‘bubbles’

Property loans in China currently make up about 39 per cent of total outstanding bank lending, says Guo Shuqing. Photo: Xinhua
Property loans in China currently make up about 39 per cent of total outstanding bank lending, says Guo Shuqing. Photo: Xinhua
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