Oct 02 2024 16 mins 3
Elaine Xu, Director in Fitch’s Financial Institutions team, provides an update on how Chinese banks are managing the challenges from economic headwinds, the property correction, and LGFV debt renegotiations.
- (00:00) - Introduction
- (01:38) - Recent trends in bank performance
- (05:06) - Property sector stress impact on banks
- (07:26) - Banks role in property policy response
- (09:26) - LGFV exposures and debt renegotiations
- (11:16) - Impact of LGFV debt renegotiations
- (13:01) - Risks for small regional banks
- (14:33) - Banks increased policy role and its impact
- (15:40) - Conclusion
