Property News · April 4, 2023

Chinese banks brace for tough year as low interest rates, property crisis hit profitability


Major banks have reported declining net interest margins, a crucial measure of their profitability, while the struggling property market portends slower growth, if not an outright contraction, in new mortgage applications.

Source : South China Morning Post
Read more…Chinese banks brace for tough year as low interest rates, property crisis hit profitability

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