• 11/26/2024

HSBC’s third-quarter pre-tax profit misses estimates on souring loans to China’s property sector

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

HSBC missed third-quarter profit estimates by a wide margin because of higher bad debt provisions related to mainland China’s real estate sector.

https://www.scmp.com/business/banking-finance/article/3239640/hsbcs-third-quarter-pre-tax-profit-misses-estimates-souring-loans-chinas-property-sector?utm_source=rss_feed