HSBC CEO: China property market outlook on the mend

South Africa News News

HSBC CEO: China property market outlook on the mend
South Africa Latest News,South Africa Headlines
  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

SINGAPORE : HSBC Group CEO Noel Quinn said the outlook for China's troubled property sector had improved in January, despite the lender booking higher charges in the fourth quarter related to its exposure to the country's commercial real estate sector.'The sentiment in the fourth quarter was more negative

SINGAPORE : HSBC Group CEO Noel Quinn said the outlook for China's troubled property sector had improved in January, despite the lender booking higher charges in the fourth quarter related to its exposure to the country's commercial real estate sector.

"The sentiment in the fourth quarter was more negative than the sentiment that emerged in January," Quinn told Reuters, adding that there were positive developments both on the demand side and the supply side linked to big policy measures.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ChannelNewsAsia /  🏆 6. in SG

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saga of renting a room in Singapore, especially for a Singaporean - Singapore NewsSaga of renting a room in Singapore, especially for a Singaporean - Singapore NewsSense And Nonsense by Tan Bah Bah
Read more »

Anglican Church in Singapore opposes Church of England's blessing of same-gender couples - Singapore NewsAnglican Church in Singapore opposes Church of England's blessing of same-gender couples - Singapore News“We are deeply disappointed by the Church of England’s decision and unequivocally state that the blessing of same-s*x unions has no biblical ground whatsoever, since scripture teaches unambiguously that marriage is between one man and one woman,' the Church said.
Read more »

‘This whole idea that Singapore is better than Malaysia needs to stop’ says Singaporean - Singapore News‘This whole idea that Singapore is better than Malaysia needs to stop’ says Singaporean - Singapore News'As a Singaporean, i really don't think Malaysia is all that bad,' he wrote.
Read more »

HSBC Q4 profit nearly doubles as rising interest rates boost revenueHSBC Q4 profit nearly doubles as rising interest rates boost revenueSINGAPORE/LONDON :HSBC Holdings reported a better-than-expected 92 per cent surge in quarterly profit on Tuesday as rising interest rates swelled its net interest income, encouraging Europe's largest bank to reiterate it could meet a key performance target for this year.The bank said it intended to pay a spec
Read more »

HSBC takes $300 million hit on Russia business sale, says deal on track for 2023HSBC takes $300 million hit on Russia business sale, says deal on track for 2023LONDON : HSBC HSBA.L| said it still expects to complete the sale of its Russia business in first-half 2023, in the most significant update on the progress of the deal since it said in July 2022 it had agreed to sell the unit to local lender Expobank.Europe's biggest bank has taken a $300 million loss on t
Read more »

WP MPs at work—house visits with the young and old in Singapore before Budget, COS debates - Singapore NewsWP MPs at work—house visits with the young and old in Singapore before Budget, COS debates - Singapore NewsWP secretary-general Pritam Singh (Aljunied GRC) wrote in a Facebook post that it was a pleasure to meet with a Eunos resident and his family once more, and it made him think of his own daughters
Read more »



Render Time: 2025-04-04 19:34:49