Billion-Dollar Real Estate Loans at Risk in Asia

Asias Banks Face Growing Crisis as Property-Backed Loans Default Risk SoarsBanks in Asia are under immense pressure as over one billion dollars in property-backed loans face default, highlighting Chinas real estate market struggles. Hong Kongs Parkview Group Limited is trying to extend a nine hundred forty million dollar loan, while Gaw Capital Partners fund missed a payment on a two hundred sixty million dollar facility. Banks like HSBC and Hang Seng Bank are caught between extending deadlines or pushing borrowers into default, as the crisis deepens.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.