China’s banks look to unload more than US$8.2b in bad credit-card loans
China’s commercial banks have stepped up efforts to dispose of non-performing credit-card loans, putting billions of yuan in troubled consumer debt up for sale as lenders seek to clean up balance sheets amid rising bad loans and shrinking interest margins. About 130 notices seeking buyers for bulk transfers of non-performing credit-card loans have been disclosed on the Banking Credit Asset…
We haven't written up this one. SCMP Business has the full story — the link below goes straight to it.
