HONG KONG -- Bad loans are ballooning at Hong Kong-listed HSBC Holdings and its majority-owned Hang Seng Bank as the financial hub's commercial real estate slump weighs on the banking sector.
Finance
HSBC, Hang Seng credit losses deepen on Hong Kong property woes
Banks expect pressure on bad loans to persist
Hong Kong’s property sector downturn has prompted lenders, including HSBC, to scrutinize their existing exposure to property developers. (HSBC photo library)
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