Feature
Published on: 23. November 2023

Next payment default fuels concerns about China's financial system

An Evergrande Residential Complex in Nanjing NANJING, CHINA - OCTOBER 25, 2023 - Aerial photo shows an Evergrande residential complex in Nanjing, Jiangsu Province, China, Oct 25, 2023. As of afternoon Beijing time, Evergrande shares were trading at just HK $0.23. Evergrande s shares have fallen 86 per cent since they resumed trading in late August. Nanjing Jiangsu China PUBLICATIONxNOTxINxFRA Copyright: xCFOTOx originalFilename: cfoto-anevergr231025_npbeI.jpg

Concerns are mounting about the performance of medium-sized and smaller institutions: Another financial conglomerate that provided the Chinese property sector with billions is insolvent. China's financial regulator now allows banks to issue unsecured short-term loans.

Marcel Grzanna

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Last updated: 24. July 2025

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