Many Chinese banks are disclosing their lending to the embattled China Evergrande Group in a move to prove that they are able to cope with a potential default and soothe investor nerves.
One of Evergrande's biggest lenders, Zheshang Bank Co., said in a filing to the Shanghai Stock Exchange that it is owed 3.8 billion yuan ($588 million) by the homebuilder and has ``sufficient collateral.''
``The overall risk is controllable,'' said the bank, adding that a ``risk situation will not have a significant impact' on the bank's operation.
Industrial Bank . . .
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