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

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’

Topic |   China economy
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
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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