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HSBC HOLDINGS Reportedly Seeks to Market Hang Seng's Risky Loans
2026-07-10 14:25:20 HSBC HOLDINGS (00005.HK) has started marketing Hang Seng Bank's risky loans to investors, although negotiations are expected to be challenging as private debt funds are seeking substantial discounts on the loans, the Financial Times, citing sources, reported. As of the end of last year, USD3.5 billion of HSBC's USD6.3 billion in "Stage-Three" Hong Kong commercial real estate loans were attributable to Hang Seng. According to HSBC's accounting policies and explanations in its annual report, Stage-Three loans are regarded as credit impaired and unlikely to be repaid in full, with expected credit losses over the loan lifetime already recognized. On the report, HSBC said the group's top priority remains supporting clients, and it will continue to take routine measures to manage the overall portfolio as part of the group's prudent risk management strategy. The Hong Kong Monetary Authority stated that banks must ensure proper and timely loan classification and provisioning at all times. HSBC HOLDINGS shares advanced with the broader market today (10th), gaining 1.18% to HKD154.1. ~ AASTOCKS Financial News Website: www.aastocks.com | |