{"id":161520,"date":"2025-09-25T13:29:59","date_gmt":"2025-09-25T06:29:59","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-asks-hang-seng-bank-to-clean-up-bad-hong-kong-property-debt\/"},"modified":"2025-09-25T16:02:25","modified_gmt":"2025-09-25T09:02:25","slug":"hsbc-asks-hang-seng-bank-to-clean-up-bad-hong-kong-property-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-asks-hang-seng-bank-to-clean-up-bad-hong-kong-property-debt\/","title":{"rendered":"HSBC asks Hang Seng Bank to clean up bad Hong Kong property debt"},"content":{"rendered":"


\nHSBC Holdings has taken the unusual step of getting directly involved in pushing its Hong Kong subsidiary, Hang Seng Bank, to offload portfolios of bad real estate debt, underscoring growing concerns over the city\u2019s struggling property sector.
\nAbout two months ago, the lender directed its London-based global chief corporate credit officer and the head of its special credit unit to ensure Hang Seng started a process of selling portfolios, according to people familiar with the matter, who asked…
\n
\nSource : South China Morning Post
\nRead more…HSBC asks Hang Seng Bank to clean up bad Hong Kong property debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HSBC Holdings has taken the unusual step of getting directly involved in pushing its Hong...<\/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-161520","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-G1a","jetpack-related-posts":[{"id":122043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-bochk-among-lenders-staying-away-from-kwai-hungs-mangrove-project-amid-caution-around-mortgage-lending\/","url_meta":{"origin":161520,"position":0},"title":"HSBC, BOCHK among lenders staying away from Kwai Hung\u2019s Mangrove project amid caution around mortgage lending","date":"September 17, 2021","format":false,"excerpt":"\r Hong Kong banks are becoming more cautious in their mortgage lending, particularly for incomplete projects built by smaller developers.HSBC, Bank of China (Hong Kong), Hang Seng Bank, Bank of East Asia (BEA) and Standard Chartered are among lenders that have stayed away from mortgages for uncompleted units at Kwai\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":166590,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-seng-bank-co-founders-kin-pays-us9-3-million-for-hong-kong-luxury-flat\/","url_meta":{"origin":161520,"position":1},"title":"Hang Seng Bank co-founder\u2019s kin pays US$9.3 million for Hong Kong luxury flat","date":"December 5, 2025","format":false,"excerpt":"\r Sun Hung Kai Properties\u2019 (SHKP) luxury residential projects in North Point and Mid-Levels have attracted well-heeled buyers, including a granddaughter of Hang Seng Bank\u2019s co-founder, who snapped up a flat for HK$72 million (US$9.3 million), according to official records. Magdalene Ho Mai-ting bought the flat in Dynasty Court in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-first-biodiversity-loan-goes-to-henderson-land-for-central-yards-green-spaces\/","url_meta":{"origin":161520,"position":2},"title":"Hong Kong\u2019s first biodiversity loan goes to Henderson Land for Central Yards green spaces","date":"May 13, 2026","format":false,"excerpt":"\r Henderson Land Development secured the first biodiversity loan in Hong Kong, receiving around HK$100 million (US$12.8 million) from HSBC and Hang Seng Bank for green initiatives at Central Yards, the company\u2019s flagship mixed-use development on the New Central Harbourfront. This loan would provide a \u201cscalable blueprint\u201d for companies to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127066,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-buyers-snap-up-70-per-cent-of-new-homes-on-offer-casting-aside-hkmas-75-point-interest-hike-as-banks-deferred-raising-mortgage-rates\/","url_meta":{"origin":161520,"position":3},"title":"Hong Kong\u2019s buyers snap up 70 per cent of new homes on offer, casting aside HKMA\u2019s 75-point interest hike as banks deferred raising mortgage rates","date":"June 18, 2022","format":false,"excerpt":"\r HSBC, Standard Chartered, Bank of China (Hong Kong) and Hang Seng Bank kept their prime rates unchanged this week, even after the city\u2019s de facto central bank raised its base rate by 75 basis points.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s buyers snap up 70\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":158439,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-seng-says-it-is-covered-against-bad-loans-amid-property-slump\/","url_meta":{"origin":161520,"position":4},"title":"Hang Seng says it is \u2018covered\u2019 against bad loans amid property slump","date":"July 30, 2025","format":false,"excerpt":"\r Hang Seng Bank remains financially healthy, as the extra provisions and collateral provided by borrowers are sufficient to withstand the continued increase in non-performing loans (NPLs) at the HSBC unit, according to its CEO. \u201cThe amount of collaterals and provisions for NPLs has exceeded 100 per cent,\u201d executive director\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":162418,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-hang-seng-bank-coo-pays-us5-14-million-for-happy-valley-luxury-flat\/","url_meta":{"origin":161520,"position":5},"title":"Hong Kong\u2019s Hang Seng Bank COO pays US$5.14 million for Happy Valley luxury flat","date":"October 9, 2025","format":false,"excerpt":"\r Hang Seng Bank chief operating officer Vivien Chiu Wai-man has paid HK$40 million (US$5.14 million) for a 1,651 sq ft luxury flat in Happy Valley, joining a growing list of top business executives and affluent residents who are buying high-end real estate in Hong Kong amid an improving property\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\/161520"}],"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=161520"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/161520\/revisions"}],"predecessor-version":[{"id":161521,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/161520\/revisions\/161521"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=161520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=161520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=161520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}