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.
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