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 ...

SINGAPORE, Feb 21 (Reuters) - HSBC Group CEO Noel Quinn said the outlook for China's troubled property sector had improved in January, despite the lender booking higher charges in the fourth ...

London-based lender HSBC set aside about ... real estate in mainland China. The bank has backed billions of dollars in debt tied to China's real estate market, and CFO Ewen Stevenson said more ...

Noel Quinn, chief executive of HSBC, said the risk from China's property market was diminishing as a threat to the bank - Bryan van der Beek/Bloomberg HSBC’s outgoing chief executive has ...

On May 27th the property sold for a stonking 270m yuan ($38m), creating a sensation in the Chinese press. At 500,000 yuan per ...

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

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 ...

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 ...

Mr Quinn said: “The real estate market in China has still got a journey ... Results for the six months ending June 2024 show HSBC’s Hong Kong property book shrunk in size from $6.3bn to ...