HSBC, Industrial and Commercial Bank of China (Asia) and other major banks in the city have stopped offering mortgage loans for unfinished flats built by heavily indebted property developer China Evergrande in Hong Kong, according to people familiar with the matterThe U-turn on mortgage lending by several banks came after a creditor in eastern China won a court order this month to freeze 132 million yuan (US$20 million) in assets held by the Shenzhen-based developer, raising additional concerns…
Source : South China Morning Post
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