BACHF - HSBC and top Honk Kong lenders stop some Evergrande mortgages - Bloomberg

Lubo Ivanko/iStock Editorial via Getty ImagesSome lenders, becoming wary of China Evergrande Group's (EGRNF) debt load, are putting brakes on new lending tied to the real estate developer's unfinished residential properties in Hong Kong.HSBC Holdings ([[HSBC]] +2.2%), Bank of China's (BACHF) Hong Kong unit, Hang Seng Bank  (HSNGY) and Bank of East Asia (BKEAY) stopped providing mortgages to buyers of Evergrande's unfinished residential properties in Hong Kong, Bloomberg reports, citing people familiar with the matter. That "could be a fresh sign banks are protecting themselves as they've increasingly worried about Evergrande," Bloomberg Intelligence analysts Daniel Fan and William Hau write in a note.The lenders suspended new mortgages for two projects under construction after reconsidering the risks associated with the loans, Bloomberg reports.Industrial and Commercial Bank of China (IDCBY) (Asia) also halted providing mortgages to Evergrande unfinished apartments, South China Morning Post reported.China's top financial regulator instructed Evergrande's founder Hui Ka

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HSBC and top Honk Kong lenders stop some Evergrande mortgages - Bloomberg