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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
HSBC’s exposure to defaulted commercial property loans in Hong Kong surged almost sixfold to more than $3bn in the first half of this year, underscoring the risks the UK bank faces from a slump in the Chinese territory’s real estate market.
Hong Kong is HSBC’s largest market for commercial real estate lending, accounting for 45 per cent of its exposure, in…
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