Evergrande’s Problems Prompt China’s Banks, Insurers to Pull Back on New Credit for Property Developers

SHANGHAI/BEIJING – As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers, and shadow banks stopped offering new credit to property developers, and ran urgent checks on their exposure to the troubled …

from News – Insurance Journal https://ift.tt/3u6Rmn9