HSBC plans to find buyers for risk loans at its Hong Kong Hang Seng Bank subsidiary.

The Financial Times of the UK reported, citing two anonymous sources, that HSBC is selling high-risk loans issued by Hang Seng Bank to investors. The sources revealed that in recent months the bank has allowed creditors to review the loan assets of its Hong Kong subsidiary. One of the sources said that the negotiation process may face significant obstacles, as private debt funds buying these loans will require a substantial discount. Data shows that as of the end of last year, HSBC's non-performing loans in the third stage of commercial real estate in Hong Kong amounted to $6.3 billion, with over half concentrated in Hang Seng Bank, amounting to approximately $3.5 billion. HSBC was quoted as stating: "Our top priority has always been to serve our customers." "We will continue to take routine measures to manage the overall loan asset portfolio, which is part of our cautious risk control strategy."