Sep
04

Hong Kong Checking Banks’ Loans to China’s HNA and Wanda, Sources Say

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  • Lenders required to submit survey to HKMA, people say
  • Checks on loans to conglomerates stepped up in recent weeks

The Hong Kong Monetary Authority has asked banks in the city for details of their loans to HNA Group Co. and Dalian Wanda Group Co., according to people familiar with the matter.

Lenders were required to submit a survey to the city’s de facto central bank providing information such as total credit extended and outstanding loans to the two companies, said the people, who asked not to be identified as the information isn’t public. Checks on lending to Chinese conglomerates were stepped up in recent weeks, one of the people said…

Hong Kong Checking Banks’ Loans to China’s HNA and Wanda, Sources Say

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Categories : Finance

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