China’s major banks are speeding up (bad) property loan write-offs ...Middle East

China sets record in bad asset disposals, shifts focus to housing market

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Regulators, including ICBC, have been urged to accelerate the disposal of bad real estate loans—some banks have doubled their write-off targets.

While write-offs may free up capital and improve balance sheets, they could also weigh on profits and capital ratios.

Analysts view the move as necessary to restore confidence and possibly a sign that the market is nearing a bottom.

This article was written by Eamonn Sheridan at www.forexlive.com.

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