SHANGHAI: Beijing won’t allow the turbulence surrounding China Evergrande Group to turn into a systemic crisis, according to the chief executive officer of Standard Chartered Plc said, adding that the Asia-focused lender has no “concerning exposures to the property sector.”
“This idea that this was something of a Lehman moment for China: I don’t think China’s frankly that dumb,” Bill Winters said in an interview with Bloomberg Television on Tuesday.
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