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HKG:2202 26 November 2025 - 17 December 2025

UOB’s Hong Kong and China Property Loan Exposure Faces Fresh Scrutiny as Real Estate Prices Sink and Vanke Races to Avert Default

UOB’s Hong Kong and China Property Loan Exposure Faces Fresh Scrutiny as Real Estate Prices Sink and Vanke Races to Avert Default

UOB set aside S$615 million in provisions for commercial real estate loans in November, raising its total credit allowances to S$1.9 billion for the first nine months of 2025. Over 40% of UOB’s Hong Kong loans were property-related as of June. Its Greater China non-performing loan ratio rose to 3.1% by September. UOB shares are down 4% year-to-date, while DBS and OCBC gained.
China Economy News Today (December 3, 2025): Services Slow, Property Stress Deepens as Beijing Targets 5% Growth in 2026

China Economy News Today (December 3, 2025): Services Slow, Property Stress Deepens as Beijing Targets 5% Growth in 2026

China’s services sector slowed in November, with a private PMI dropping to 52.1 and employment shrinking for a fourth month. Mainland and Hong Kong stocks fell on weak services data and renewed concerns over developer Vanke’s debt. Beijing is expected to set a 2026 GDP growth target near 5% and increase support for small firms. The property crisis persists, with Morgan Stanley estimating 400 billion yuan in annual mortgage subsidies may be needed.
China Stock Market Today: Shanghai Composite Slips as Vanke Debt Jitters Clash With AI Rally; Hang Seng Extends Gains (Nov 26, 2025)

China Stock Market Today: Shanghai Composite Slips as Vanke Debt Jitters Clash With AI Rally; Hang Seng Extends Gains (Nov 26, 2025)

China’s Shanghai Composite Index slipped 0.15% to 3,864.18 on Wednesday, while the tech-focused Shenzhen Component jumped 1.02% and the ChiNext surged 2.14%. Hong Kong’s Hang Seng Index rose 0.13% for a third straight gain. AI and tech stocks rallied despite renewed concerns over China Vanke’s plunging bonds. Turnover on Shanghai and Shenzhen reached 1.78 trillion yuan.
26 November 2025
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