Hang Seng Bank Weighs Sale of $1 Billion Property Loan Portfolio
NegativeFinancial Markets

Hang Seng Bank is considering selling a property-backed loan portfolio valued at over $1 billion as it aims to reduce its exposure to bad debts accumulated during a downturn in the city's commercial real estate market. This move highlights the ongoing challenges faced by financial institutions in managing non-performing loans, especially in a struggling sector, and could signal broader economic concerns for the region.
— Curated by the World Pulse Now AI Editorial System