China property issues hit Everbright Bank : vimarsana.com

China property issues hit Everbright Bank

China’s Everbright Bank missed profit estimates due to investment losses and an increase in cash set aside for souring property loans, sending shares of the regional lender almost 13% lower in Hong Kong on Thursday, reports the Financial Times. Everbright, an important midsized bank in China, reported a 9% decline in annual net profit to RMB 40.8 billion…

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