25 Sep 2025 | 3 Mins Read
HSBC Requests Hang Seng to Manage Hong Kong Bad Debt
Flipitmoney
HSBC pressured Hong Kong subsidiary Hang Seng Bank to sell $3 billion in bad real estate debt, citing concerns over the city's struggling property sector. Hang Seng's impaired Hong Kong real estate loans jumped 85% year-over-year. HSBC's push is showing results, with Hang Seng starting to sell property-backed loan portfolios.