Cash-strapped Hong Kong developer New World Development Co. has picked three banks to arrange a loan to refinance HK$58.1 ...

The detailed terms of the loan may soon be disclosed to potential lenders.

Bank of China (Hong Kong) Limited, and DBS Bank Ltd.) at the closing ceremony of Hang Lung’s five-year syndicated loan facilities The proceeds from the Facilities will be used to refinance part ...

“Declining collateral values might pressure the banks to take charges on more loans in 2025,” they wrote. Hang Seng Bank last summer reported a sharp increase in credit-impaired Hong Kong ...

Bank of China’s Hong Kong unit, and Standard Chartered Plc, have made about 40% of Hong Kong’s total property development and investment loans.