Chinese regulators have informally asked major banks, particularly state-owned lenders, not to classify overdue China Vanke loans as non-performing, Reuter…
Chinese regulators have informally asked major banks, particularly state-owned lenders, not to classify overdue China Vanke loans as non-performing, Reuters reported citing people familiar with the matter. Banks were also asked to extend repayment deadlines and postpone some interest collection, according to the report. Vanke had about 351 billion yuan in total debt, with bank loans accounting for roughly 72%. The reported guidance highlights Beijing's efforts to contain financial-system spillovers from the property developer's LiquidityDefinition Liquidity describes how easily buying and selling can occur without requiring a large change in price. A liquid market generally has active participation...Read More problems, but the instructions were not publicly announced at the verification cutoff.
