Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
HSBC HOLDINGS: Stage 2 Loans Do Not Indicate Default; Upbeat About Sector's Mid-to-long-term Outlook
Recommend 14 Positive 32 Negative 10 |
||||
|
||||
|
Recent media reports have discussed the credit quality of Hong Kong's commercial real estate. HSBC HOLDINGS (00005.HK) said that loans classified as Stage 2 do not indicate default and are not an absolute indicator of credit quality. It is common for Stage 2 loans to increase due to external events and market conditions, but they do not ultimately lead to default. The Group noted that it has been involved in the development of the commercial real estate industry in Hong Kong for 160 years. Although the oversupply of non-residential properties posed short-term pressure on the market, the Group believed that the government's recent reduction in land sales measures can support the industry's mid-term recovery. The Group expressed confidence in the long-term supply and demand situation of the market, and remained optimistic about the industry's mid-to-long-term prospects. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
