{"id":122192,"date":"2021-09-24T16:30:16","date_gmt":"2021-09-24T09:30:16","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-ubs-among-big-banks-to-have-cut-exposure-to-china-evergrande-as-outlook-worsens-for-debt-stricken-developer\/"},"modified":"2021-09-24T17:17:04","modified_gmt":"2021-09-24T10:17:04","slug":"hsbc-ubs-among-big-banks-to-have-cut-exposure-to-china-evergrande-as-outlook-worsens-for-debt-stricken-developer","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-ubs-among-big-banks-to-have-cut-exposure-to-china-evergrande-as-outlook-worsens-for-debt-stricken-developer\/","title":{"rendered":"HSBC, UBS among big banks to have cut exposure to China Evergrande as outlook worsens for debt-stricken developer"},"content":{"rendered":"


\nBig banks and fund managers have been heading for the exit and reducing their exposure to China Evergrande Group in recent weeks as the outlook has soured for the world\u2019s most indebted property developer.As a result, many financial companies sought to reassure investors and downplay their exposure as questions lingered about whether Evergrande managed to make an US$83.5 million coupon payment due on Thursday.The Shenzhen-based company had some US$300 billion in liabilities at the end of the\u2026
\n
\nSource : South China Morning Post
\nRead more…HSBC, UBS among big banks to have cut exposure to China Evergrande as outlook worsens for debt-stricken developer<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Big banks and fund managers have been heading for the exit and reducing their exposure...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122192","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vMQ","jetpack-related-posts":[{"id":122058,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ping-an-shares-fall-on-fears-of-china-evergrande-contagion\/","url_meta":{"origin":122192,"position":0},"title":"Ping An shares fall on fears of China Evergrande contagion","date":"September 17, 2021","format":false,"excerpt":"\r Insurer reassures investors it has no exposure to debt-wracked developer\r \r Source : ft.com\r Read more...Ping An shares fall on fears of China Evergrande contagion","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122808,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-hong-kong-banks-report-third-quarter-results-as-concerns-swirl-over-worlds-most-indebted-developer\/","url_meta":{"origin":122192,"position":1},"title":"Evergrande: Hong Kong banks report third-quarter results as concerns swirl over world\u2019s most indebted developer","date":"October 25, 2021","format":false,"excerpt":"\r Investors will be looking for any warning signs in the mainland lending portfolios of Hong Kong\u2019s banks as they prepare to report their third-quarter results against the backdrop of rising concerns about China Evergrande Group\u2019s debt crisis and its potential effects on China\u2019s property sector.HSBC will be the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":159411,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/liquidators-hire-ubs-and-citic-to-sell-evergrandes-property-services-unit\/","url_meta":{"origin":122192,"position":2},"title":"Liquidators hire UBS and Citic to sell Evergrande\u2019s property services unit","date":"August 13, 2025","format":false,"excerpt":"\r Liquidators of China Evergrande Group, the developer whose default in 2021 set off a broader years-long property debt crisis, has hired bankers to sell a property management unit after previous attempts failed, people familiar with the matter said. The court-appointed liquidators are working with UBS Group and Citic Securities\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121144,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-evergrande-trims-offshore-debt-and-rebuilds-investor-confidence-smes-and-banks-are-overlooked-in-payment-queue\/","url_meta":{"origin":122192,"position":3},"title":"As Evergrande trims offshore debt and rebuilds investor confidence, SMEs and banks are overlooked in payment queue","date":"July 29, 2021","format":false,"excerpt":"\r China Evergrande\u2019s creditors face uncertain times ahead. The world\u2019s most-indebted developer has to navigate through choppy waters, including political concerns, before it can steady itself after a huge beating in stock and bond markets over the past five months.Billionaire chairman Hui Ka-yan has taken efforts to reduce debt and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120987,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/120987\/","url_meta":{"origin":122192,"position":4},"title":" HSBC,\u00a0Industrial and Commercial Bank\u2026","date":"January 1, 1970","format":false,"excerpt":"\r HSBC,\u00a0Industrial 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122611,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-china-evergrande-suffers-huge-blow-as-us1-7-billion-deal-to-sell-its-hong-kong-headquarters-collapses\/","url_meta":{"origin":122192,"position":5},"title":"Debt-stricken China Evergrande suffers huge blow as US$1.7 billion deal to sell its Hong Kong headquarters collapses","date":"October 15, 2021","format":false,"excerpt":"\r China Evergrande has failed to sell its single largest asset to state-backed Yuexiu Property, Reuters reported, a huge blow to the debt-stricken developer\u2019s frantic efforts to raise the funds it needs to survive.Guangzhou government-backed Yuexiu Property dropped a proposed US$1.7 billion offer to buy Evergrande\u2019s 26-storey office tower in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122192"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=122192"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122192\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}