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HSBC Flags 73% of HK Commercial Property Loans as Highly Risky: Wire
As of the end of June, 73% of HSBC's commercial property loans in Hong Kong were classified as impaired or marked as having increased credit risk, a surge from less than 30% du...
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HSBC Flags 73% of HK Commercial Property Loans as Highly Risky: Wire
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As of the end of June, 73% of HSBC's commercial property loans in Hong Kong were classified as impaired or marked as having increased credit risk, a surge from less than 30% during the same period last year, reflecting ongoing deep-seated pressures in the Hong Kong real estate market, which may impact profit, according to Financial Times.

The amount of Hong Kong commercial real estate loans marked as having increased credit risk increased by nearly 2x to US$18.1 billion, from US$6.5 billion at the beginning of the year, the report quoted HSBC as saying. Although the high-risk loans are still performing, those considered 'impaired' hiked from US$4.5 billion to US$5.1 billion.

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