Bloomberg
China Property Crisis Is Rippling Through Its Biggest Banks
(Bloomberg) -- China’s protracted property downturn is eroding the balance sheets of the nation’s largest state banks as their bad loans creep up.Most Read from BloombergLondon Insurers Face Baltimore Bridge Payouts Worth BillionsDubai Is Losing Its Allure for Wealthy RussiansUBS Banker’s Frustration Exposes Cracks in World of Climate FinanceTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineBiden Gains Ground Against Trump in Six Key States, Poll ShowsBank of Communications Co.
Reuters
China's Big Five lenders post shrinking margins, warn of property risks
Five of China's largest lenders have posted shrinking net interest margins (NIM), while warning of ongoing property sector risks. Amid a slowing economy, China's lenders are under pressure to reduce interest rates on the loans they make to bolster flagging sectors as demand for lending falls. On Thursday, China Construction Bank Corp (CCB), Bank of China (BoC) and Agricultural Bank of China (AgBank) all reported sliding margins - a key gauge of profitability - in their annual results.
The Telegraph
HSBC shares plunge after China crisis sparks ‘messy’ quarter
HSBC was stung by China’s economic slowdown after a “messy” quarter including a $3bn (£2.4bn) writedown sent its share price tumbling by 8pc in one of the worst falls in the bank’s history.

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