Concerns mount over smaller banks in China amid property crisis and rising local debt…

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Jan 3 (Reuters) – Some of China’s top banks have sharpened scrutiny of smaller peers’ asset quality and have tightened standards for interbank lending, three sources said, in an effort to curb credit risk as a deepening property debt crisis ripples through the economy.

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Two of China’s biggest state-owned banks and a leading joint-stock bank have stepped up reviews of smaller lenders over the past couple of months to identify those with poor asset quality and have a high risk of default, the sources said.

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https://www.reuters.com/world/china/chinas-top-banks-tighten-exposure-smaller-peers-curb-credit-risk-sources-say-2024-01-03/

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