With uncertainty rising over the future of the property market in China, one bank now seems to have become entangled in the crisis. Established in 1996, China Minsheng Banking Corp’s stock has now tumbled due to its loans to debt-ridden companies such as China Evergrande. In the last year, the bank’s stock price has tumbled […]
Battered by mounting losses on loans to developers including China Evergrande Group, China Minsheng Banking Corp. saw their stocks tumble 31% in the 12 months through last week.