Â
>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
Â
Â
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 . . .
Sign In or Subscribe To Get Full Access.
Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.
Follow China Market In The Most Efficient Way!
Sign Up For Free Weekly China Market Highlights HERE!Â