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Hong Kong Property Woes Persist Despite Banks' Vote of Confidence

Hong Kong Property Woes Persist Despite Banks' Vote of Confidence

Bloomberg01-07-2025
New World reached a refinancing deal that 'buys some time' for Hong Kong to solve its property problem
Welcome to The Brink. Bloomberg's Hong Kong reporters followed the refinancing of New World amid a wave of property distress. We also have news on 23andMe, Del Monte and Victoria. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
A vital financial lifeline secured by one of Hong Kong 's biggest property developers has helped prevent the city from facing an Evergrande -style downfall — for now.
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