Weekend Long Read: Minsheng Bank and the Threat China’s Property Crisis Poses to Lenders

In recent years, the real estate sector in China has been hit by a series of crises, from China Evergrande Group, China Fortune Land Development Co. Ltd. to Country Garden Co. Ltd., with dozens of large property developers sinking into the mire. This turmoil subsequently affected the trust industry, washing away trillions in wealth from Chinese households. Yet, should a major commercial bank fall victim to this storm, the situation will only grow more terrifying.