Hong Kong banks hit by China property exposure

HSBC, Standard Chartered cautious about outlook for a full-fledged rebound

20230221N Hong Kong banks

Hong Kong's Central business district. Banks listed in the territory are heavily exposed to mainland China's property market. © Reuters

KENJI KAWASE, ECHO WONG and FRANCES CHEUNG, Nikkei staff writers

HONG KONG -- Hong Kong-listed banks have reported an increase in expected losses linked to their exposure to the ailing property sector in mainland China, despite a brighter overall earnings picture.

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