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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.
17 December 2025
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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.
3 December 2025
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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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Stock Market Today

  • Nevada Temporarily Bans Prediction Market Firm Kalshi Over Gaming License Dispute
    March 20, 2026, 2:30 PM EDT. Kalshi, a prediction markets platform offering event-based contracts on sports, elections, and entertainment, was temporarily banned in Nevada by a 14-day restraining order from the First Judicial District Court. The ruling prohibits Kalshi from operating its derivatives exchange without a gaming license, marking the first state-level forced cessation for the company. The ban follows earlier Nevada cease-and-desist actions and precedes a likely extension through the legal case, said gaming attorney Daniel Wallach. The dispute comes amid mounting regulatory scrutiny nationally, including criminal charges from Arizona and ongoing battles in multiple states. Kalshi contends its sports contracts are financial swaps, not gambling, a view supported by the federal Commodity Futures Trading Commission, which claims jurisdiction over these markets. This case highlights tensions between state gambling laws and federally regulated prediction markets.
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