HSBC seeks buyers for Hang Seng Bank's troubled property loans

HSBC is trying to sell a group of risky property loans held by Hang Seng Bank, its subsidiary in Hong Kong. The loans are connected to commercial property and are classified as distressed, meaning borrowers may struggle to repay them. HSBC took Hang Seng private and has since been restructuring the bank. Selling these loans is part of that process. The bank is actively looking for buyers. Experts say the move suggests HSBC wants to reduce financial risk at Hang Seng and improve its overall health. By removing these troubled loans from its books, HSBC can change how Hang Seng operates and what risks it carries.