China Regulator Says It’s Concerned About Property Sector

CBIRC Vice Chair says bank loan exposure to property is 26%
Banks have seen an increase in bad loans related to property

Xiao Yuanqi, vice chairman of China’s Banking and Insurance Regulatory Commission, talks about the debt woes in the country’s property sector and the implications for lenders. He also discussed the prospects for Chinese banks.(Source: HKMA via RTHK)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Krystal Chia

November 2, 2022 at 3:00 AM UTC

This article is for subscribers only.

China’s Banking and Insurance Regulatory Commission said that the country’s property sector is an area of concern, although risks are manageable.

“That’s what we are concerned about,” Vice Chairman Xiao Yuanqi said in response to Hong Kong Monetary Authority Chief Executive Eddie Yue’s question about real estate’s impact on banks. The interview was aired at the Global Financial Leaders’ Investment Summit in Hong Kong Wednesday.