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...“That was a waste of real estate.”...
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...That included $142mn of provisions related to Chinese commercial real estate, on top of a $160mn charge in the first quarter, with the nation’s overleveraged property sector in crisis since the default of...
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...HSBC chief executive Noel Quinn also extended his condolences....
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...China’s real estate sector is still reeling from the collapse of property development giant Evergrande under a $300bn debt load late last year....
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...holding tens of billions of dollars in real estate and public equity stakes....
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