Credit risk in China has cascaded from the periphery toward the center of the system: peer-to-peer lending networks in 2018, small banks in 2019, trust companies (non-bank lenders) in 2020, property developers in 2021, individual mortgage loans in 2022, and local government financing vehicles and state-owned companies starting to face credit risks in 2023.
factualpending
Speaker
Logan WrightEvidence Quote
“credit risk has spread from peer-to-peer lending networks in 2018 to small banks in 2019 19 to trust companies... Property developers failing in 2021, individual mortgage loans coming under pressure in 2022 and local governments, local government financing vehicles and stateowned companies starting to face their own credit risks in 2023.”
Created: 8/12/2026, 6:32:13 PM
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