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【港股通】工商银行(01398):房地产业务不良率有所下降 地方债务风险可控

[Hong Kong Stock Connect] Industrial and Commercial Bank (01398): The non-performing rate in the real estate business has declined, and the risk of local debt is manageable

金吾財訊 ·  Mar 28 01:24

Jin Wu Financial News | On March 28, Wang Jingwu, deputy governor of ICBC (01398), said at the 2023 annual results conference that at the end of 2023, ICBC's domestic real estate business defect rate dropped 0.77 percentage points from the beginning of the year. Furthermore, with regard to risk mitigation in the field of local debt, Wang Jingwu said that ICBC strictly implements various national policies and regulations on local debt management and conducts business in accordance with the principles of marketization, legalization, and commercial sustainability. Financing is mainly invested in regions with good economic and financial resources and a reasonable level of debt, especially for customers and projects with sufficient cash flow. Credit risk in the area of local debt is generally manageable.

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