China In-Focus: Corporate loan activity plunges 58%; HSBC to invest $448m

Wed, 2022-06-01 17:56

RIYADH: Corporate loan activity in China has dropped 58 percent so far this year, according to deals in all currencies. In another development, HSBC announced that it intends to invest as much as $448 million in its Chinese operations. Meanwhile Hong Kong’s shares fell amid uncertainty regarding China’s economy.

Syndicated and club loans by Chinese firms dropped 58 percent so far this year to reach $45.6 billion, reflecting the slowest annual start in seven years, Bloomberg reported, citing compiled data of deals in all currencies.
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