HONG KONG -- HSBC on Monday reported better-than-expected results for the first half of the year, but joins other major banks in the city in signaling a cautious outlook for China's commercial real estate sector.
HSBC is headquartered in London but has long had a major presence in Asia, mainly in Hong Kong and mainland China. For this reporting period, it churned out $6.3 billion, or almost 70%, of its pretax profits in the region.
