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HSBC & Evergrande

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HSBC & Evergrande


Postby monabri » September 20th, 2021, 11:47 pm

Lurching into another problem! ... ls-shares/

"The HSBC share price lost 3.82% on the day following a market selloff triggered by fears of an impending default by the 2nd most prominent real estate company in China on its debt obligations. HSBC is said to have exposure to Evergrande’s bonds, with the MorningStar Direct of Hong Kong mentioning the bank, UBS and Blackrock as companies that had been accumulating the stricken company’s bonds. "

"Data from MorningStar Direct indicates that HSBC’s exposure to Evergrande’s bonds remains at 1.22%. "

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