China’s Three Red Lines policy for deleveraging property developers has pushed the largest and most highly geared to the edge of extinction. Everngrande is fighting on, pulling every string that it can:
At least two of Hong Kong’s biggest lenders are reconsidering halts on mortgages for China Evergrande Group’s unfinished properties, after the decisions were questioned by the city’s de facto central bank, according to people familiar with the matter.
The potential turnabout by HSBC Holdings Plc and Bank of China Ltd.’s Hong Kong unit comes just days after the banks suspended the mortgages amid mounting doubts about Evergrande’s financial health.
