HONG KONG -- Hong Kong-listed banks have reported swelling bad debts tied to real estate developers in the city, where lukewarm property demand and sluggish consumption are weighing on the residential, retail and office sectors.
Property
Hong Kong property bad debts build pressure on banks
Executives cautious on outlook, ratings agency warns of 'heightened asset risk'
Hong Kong's local property market is piling fresh pressure on the banking system, which is still processing bad loans from mainland Chinese developers three years into the onshore market crisis. (Photo by Shinya Sawai)
Read Next
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Property
