Banks open to China property loans despite Kaisa
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Banks open to China property loans despite Kaisa

China Property (resized 230)

A default by Chinese property developer Kaisa on a HK$400m ($51.6m) bilateral loan from HSBC has triggered a debate on the outlook and credibility of borrowers in the country’s volatile real estate sector. However, bankers believe such cases will be limited to companies lower down the credit curve and do not represent the industry as a whole.

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