The three brokers said the banks had halted lending to two residential projects in Hong Kong that were scheduled for completion in August and October, but they said the banks were still lending for a third, completed Evergrande development. More banks may follow suit, they added.
HONG KONG: HSBC and Standard Chartered are declining to extend new loans to buyers of property in two uncompleted Hong Kong residential projects developed by China’s Evergrande Group, three mortgage brokers said.
One of the brokers told Reuters that Bank of East Asia had taken a similar step.
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