Investors will be looking for any warning signs in the mainland lending portfolios of Hong Kong’s banks as they prepare to report their third-quarter results against the backdrop of rising concerns about China Evergrande Group’s debt crisis and its potential effects on China’s property sector.HSBC will be the first of the city’s three currency-issuing banks to update investors on its third-quarter performance on Monday, followed by Bank of China (Hong Kong) on Friday and Standard Chartered on…
Source : South China Morning Post
Read more…Evergrande: Hong Kong banks report third-quarter results as concerns swirl over world’s most indebted developer
