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STANCHART: Exposure to HK CRE Low w/ Manageable Risks
Recommend 4 Positive 6 Negative 2 |
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Benjamin Hung, President of International at STANCHART (02888.HK), said at a results announcement press conference that industries affected by northbound consumption may still be under pressure in 2H25. However, on the other hand, as Hong Kong's financial market continued to be brisk, he was more optimistic about Hong Kong's economy than he was six months ago expecting residential demand in Hong Kong to outperform commercial real estate in 2H25, with property price trend stabilizing. The Group's total exposure to commercial real estate (CRE) in Hong Kong was US$2.1 billion, accounting for less than 0.5% of total loan exposure, down US$10 million QoQ, Mary Huen, CEO of Hong Kong and Greater China & North Asia at STANCHART, said. Only one office sector client's loan quality downgraded to stage three, and the risk is considered manageable. AAStocks Financial News Website: www.aastocks.com |
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