Hong Kong’s property distress catching up with city’s banks
Prices of office buildings, shopping malls and other properties have fallen more than 40 per cent from their highs in 2018.
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HSBC unveils HyQ, a 25-storey office tower in Qianhai to drive cross-border collaboration
The HyQ tower, in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, is the bank’s first wholly owned building in southern China and involved an investment of more than 4 ...
New World Stress Builds With $15 Billion Pledge, Margin Curbs
New World Development Co. has offered properties valued at $15 billion as collateral for loan refinancing, underscoring the ...
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Hong Kong’s property distress is catching up with city’s banks
A spokesperson for Hang Seng Bank said it cannot comment on individual cases. Lenders earlier seized the waterfront building from Chinese businessman Chen Hongtian after his Hong Kong company ran into ...
HSBC unveils HyQ, a 25-storey office tower in Qianhai to drive cross-border collaboration
HSBC Holdings unveiled a 25-storey office tower in Shenzhen's Qianhai economic zone, presenting it as a cornerstone of the ...