Property

HSBC, StanChart cut exposure to Chinese commercial real estate

Leading Hong Kong banks remain wary as Beijing moves to lift sector

20230801 HK banks earning

Banks Standard Chartered, Hang Seng and HSBC all reported increases in second-quarter earnings. (Source photos by AP and Reuters) 

ECHO WONG, Nikkei staff writer
August 1, 2023 18:30 JST

HONG KONG -- Leading Hong Kong banks have cut their exposure to Chinese commercial real estate this year, with the CEO of HSBC warning the sector faces "challenging" times ahead.

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