{"id":64088,"date":"2025-07-14T05:38:10","date_gmt":"2025-07-14T05:38:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/64088\/"},"modified":"2025-07-14T05:38:10","modified_gmt":"2025-07-14T05:38:10","slug":"hong-kong-banks-tighten-credit-as-bad-property-loans-grow","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/64088\/","title":{"rendered":"Hong Kong banks tighten credit as bad property loans grow"},"content":{"rendered":"<p data-dark-mode=\"false\" class=\"Paragraph_paragraph__2p1wC\">HONG KONG &#8212; More than five years ago, when New World Development asked banks in Hong Kong for a billion-dollar syndicated loan to fund the construction of a lavish shopping mall by the city&#8217;s airport, banks had to fight for a share of the deal &#8212; and they did not ask for\u00a0collateral.<\/p>\n<p data-dark-mode=\"false\" class=\"Paragraph_paragraph__2p1wC\">For years, blue-chip Hong Kong property firms and the family dynasties behind them have obtained generous credit lines from banks without the need to provide collateral, in part thanks to their long-standing relationships, impeccable financials\u00a0and the eagerness of banks to secure large deals. Until recently,\u00a0interest rates were\u00a0low and property prices were climbing rapidly.<\/p>\n","protected":false},"excerpt":{"rendered":"HONG KONG &#8212; More than five years ago, when New World Development asked banks in Hong Kong for&hellip;\n","protected":false},"author":3,"featured_media":64089,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[23426,259,64,38360,79,45724,23044,23045,14231,10558,45723,67,132,68],"class_list":{"0":"post-64088","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-bad","9":"tag-banks","10":"tag-business","11":"tag-credit","12":"tag-economy","13":"tag-grow","14":"tag-hong","15":"tag-kong","16":"tag-loans","17":"tag-property","18":"tag-tighten","19":"tag-united-states","20":"tag-unitedstates","21":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114849979764771813","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/64088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=64088"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/64088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/64089"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=64088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=64088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=64088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}