StanChart-linked China Bohai seeks to dispose of $4b in bad loans

StanChart-linked China Bohai seeks to dispose of $4b in bad loans

FILE PHOTO: The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. REUTERS/Peter Nicholls/File Photo

China Bohai Bank said on Monday it is looking to sell 29 billion yuan ($3.99 billion) worth of non-performing loans as the faltering Chinese economy and deepening property sector problems pressure lenders to dispose of bad assets.