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CX Daily: How Some Chinese Banks Ended Up in a Property Purgatory

Published: May. 8, 2026 9:00 a.m. GMT+8

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Analysis: How Some Chinese Banks Ended Up in a Property Purgatory

From Nov. 19 to Nov. 20, Inner Mongolia Rural Commercial Bank put 57 homes up for auction on Alibaba’s asset auction platform —bare-shell apartments in Hulunbuir listed at slightly below market rate. As of Nov. 28, not one had sold, and not a single user had registered to bid.

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