Mr Quinn blamed a “huge policy correction” for the slump in China’s property market, which has hobbled growth in the country. HSBC said in its third-quarter results it had set aside an ...

HSBC warned Monday that China’s property market has “potential for a further deterioration” as it reported profits that fell short of expectations, partly because of a $500 million charge to ...

Societe Generale pointed to "green shoots in first-tier cities", while HSBC said "the start of 2025 has brought unexpected ...

HSBC (HSBA.L), opens new tab is well provisioned against further China real estate losses, its CEO Noel Quinn said on Wednesday, amid a slump for the country's property market that has led to bank ...

SINGAPORE (Reuters) -HSBC Holdings PLC Group CEO Noel Quinn indicated ... This was higher than market expectations of $1.05 billion. China's property sector, which accounts for a quarter of the ...

China's property market began its recent decline in late ... needs is financial support channeled through the central bank. HSBC's Head of Asia Real Estate Michelle Kwok in February said there ...

In an effort to mitigate these risks, HSBC has reduced its exposure to mainland China's commercial real estate sector to $13.6 billion, a decrease of approximately $600 million from Q2 2023.

Home prices down in monthly and annual terms in December More cities saw home prices fall from a month earlier Property sales fell at fastest pace in four months BEIJING, Jan 17 (Reuters) - China ...

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores ... wide-ranging measures to rescue the crisis-hit property market, including asking local governments across ...