Summary: China’s banks are accelerating the write-off of soured property loans to clean up balance sheets and support the economy. This move, encouraged by policymakers, aims to free up resources for other businesses and potentially restore confidence in the real estate sector. While it may impact profits in the short term, it is seen as a positive step towards healthier bank balance sheets.

Link: https://www.businesstimes.com.sg/companies-markets/banking-finance/china-banks-ramp-bad-property-loan-disposals-boost-economy