HSBC HOLDINGS (00005.HK) -0.900 (-0.936%) Short selling $204.66M; Ratio 10.847% logged a sharp YoY increase in expected credit losses (ECL) in 1H25. CEO Georges Elhedery stated at the earnings conference that as the government takes additional initiatives to limit office land supply, these initiatives will support Hong Kong's commercial real estate (CRE) in the medium to long term; however, in the short term, Hong Kong's CRE will hit snags due to oversupply.Within HSBC's CRE exposure, the risk exposure of particular concern accounted for less than 5%, Elhedery mentioned. This portion of exposure belonged to substandard or credit-impaired borrowers, whose loan-to-value (LTV) ratio exceeded 70%. This segment's risk exposure was less than USD1.5 billion, and the bank already provisioned approximately USD500 million for ECL. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)Related NewsCiti: 2Q Earnings Pressure on CN Banks Eases; ABC, BANKCOMM May Outstrip Peers