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Hong Kong markets watchdog says sees no systemic risk to city from China property turmoil -Breaking

© Reuters. FILE PHOTO : This is a general view of Two International Finance Centres, HSBC headquarters, and Bank of China Hong Kong (China July 13th 2021). REUTERS/Tyrone Siu

HONG KONG, (Reuters) – Hong Kong’s Securities and Futures Commission examined the exposure of financial institutions to China’s property crisis and found no systemic risk for the financial hub.

Kaisa Group Holdings, Shenzhen’s homebuilder said on Thursday that China’s property crisis has gotten worse than China Evergrande Group. This is the latest indication of China’s growing property debt problem.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.