HSBC, StanChart halt new mortgages to two HK projects by Evergrande, brokers say

HONG KONG (Reuters) -HSBC and Standard Chartered (OTC:SCBFF) are declining to extend new loans to buyers of property in two uncompleted Hong Kong residential projects developed by...
HSBC, StanChart halt new mortgages to two HK projects by Evergrande, brokers say © Reuters. FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Picture taken March 26, 2018. REUTERS/Bobby Yip

HONG KONG (Reuters) -HSBC and Standard Chartered (OTC:SCBFF) are declining to extend new loans to buyers of property in two uncompleted Hong Kong residential projects developed by China's Evergrande Group, three mortgage brokers said on Wednesday.

One of the brokers told Reuters that Bank of East Asia (OTC:BKEAY) had taken a similar step.

The move by the banks emerged after a Chinese court froze a $20 million bank deposit held by Evergrande this week and a Chinese city regulator briefly suspended sales from two of its projects.

The three brokers said the banks had halted lending to two residential projects in Hong Kong that were scheduled for completion in August and October, but they said the banks were still lending for a third, completed Evergrande development.

More banks may follow suit, they added.

HSBC declined to comment while Standard Chartered did not respond to request for comment. Bank of East Asia said late Wednesday that approved applications will not be affected, and it is continuing to accept applications for loans where the funds are handed to the buyers once the flats are completed.

Evergrande said other banks were still approving mortgages for its off-plan units. It said it expected any decision by Hong Kong banks, which it did not name, to halt lending to have only a minor impact. It said its developments were on schedule.

Ivy Wong, managing director of Centaline Mortgage Broker, said that, from a bank's perspective, "a mortgage for pre-sold developments is a loan without the collateral of a completed property, so the risk is higher."

Mortgage brokers said only a small number of buyers had been affected as many applications for the two uncompleted projects had previously been approved.

They said prospective buyers could also seek to change payment arrangements with Evergrande to make a purchase after completion.

Eric Tso, senior vice president of Mreferral, said many buyers whose applications were rejected had initially sought to borrow directly from Evergrande, which has in the past offered mortgages of up to 90% of the purchase value.

"But now Evergrande's not extending mortgages anymore," Tso said, adding that banks would typically not offer a mortgage with a loan-to-property value ratio of 90%.

Evergrande did not comment on whether it was still offering mortgages.

27-07-2021 03:08:48 (UTC+7)

EUR/USD

1.1804

+0.0034 (+0.28%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

EUR/USD

1.1804

+0.0034 (+0.28%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

GBP/USD

1.3819

+0.0073 (+0.53%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (2)

Sell (3)

USD/JPY

110.39

-0.15 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

AUD/USD

0.7382

+0.0018 (+0.24%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

USD/CAD

1.2545

-0.0015 (-0.12%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (1)

EUR/JPY

130.30

+0.17 (+0.13%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (4)

EUR/CHF

1.0810

-0.0008 (-0.08%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

Gold Futures

1,797.15

-4.65 (-0.26%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (9)

Silver Futures

25.247

+0.014 (+0.06%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Copper Futures

4.5948

+0.1948 (+4.43%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

Crude Oil WTI Futures

72.17

+0.10 (+0.14%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (1)

Brent Oil Futures

73.91

+0.47 (+0.64%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Natural Gas Futures

4.071

+0.029 (+0.72%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (8)

Sell (1)

US Coffee C Futures

207.90

+18.90 (+10.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Euro Stoxx 50

4,102.59

-6.51 (-0.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

S&P 500

4,423.20

+11.40 (+0.26%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

DAX

15,618.98

-50.31 (-0.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,025.43

-2.15 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Hang Seng

26,220.00

-1064.87 (-3.90%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

US Small Cap 2000

2,215.15

+5.74 (+0.26%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

IBEX 35

8,775.20

+58.00 (+0.67%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (4)

BASF SE NA O.N.

67.540

+0.510 (+0.76%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Bayer AG NA

51.40

+0.20 (+0.39%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

210.90

+0.40 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Adidas AG

311.95

-5.75 (-1.81%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

Deutsche Lufthansa AG

9.847

-0.002 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Siemens AG Class N

134.56

-0.09 (-0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Deutsche Bank AG

10.660

+0.070 (+0.66%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

 EUR/USD1.1804↑ Buy
 GBP/USD1.3819Neutral
 USD/JPY110.39↑ Sell
 AUD/USD0.7382Neutral
 USD/CAD1.2545↑ Buy
 EUR/JPY130.30↑ Sell
 EUR/CHF1.0810Sell
 Gold1,797.15↑ Sell
 Silver25.247↑ Sell
 Copper4.5948↑ Buy
 Crude Oil WTI72.17↑ Buy
 Brent Oil73.91↑ Buy
 Natural Gas4.071Neutral
 US Coffee C207.90↑ Buy
 Euro Stoxx 504,102.59↑ Buy
 S&P 5004,423.20↑ Buy
 DAX15,618.98↑ Buy
 FTSE 1007,025.43↑ Buy
 Hang Seng26,220.00↑ Sell
 Small Cap 20002,215.15↑ Buy
 IBEX 358,775.20Neutral
 BASF67.540↑ Buy
 Bayer51.40↑ Buy
 Allianz210.90↑ Buy
 Adidas311.95↑ Sell
 Lufthansa9.847↑ Sell
 Siemens AG134.56↑ Buy
 Deutsche Bank AG10.660↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,720
(0/ 0) # 687
SJC HCM5,680/ 5,745
(0/ 0) # 713
SJC Hanoi5,680/ 5,747
(0/ 0) # 715
SJC Danang5,680/ 5,747
(0/ 0) # 715
SJC Nhatrang5,680/ 5,747
(0/ 0) # 715
SJC Cantho5,680/ 5,747
(0/ 0) # 715
Cập nhật 27-07-2021 03:08:50
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,797.91-2.31-0.13%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2188022310
RON 95-II,III2178022210
E5 RON 92-II2061021020
DO 0.05S1653016860
DO 0,001S-V1688017210
Dầu hỏa1550015810
ↂ Giá dầu thô thế giới
WTI$72.16-0.39-0.54%
Brent$74.75-0.78-1.04%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.880,0023.110,00
EUR26.387,0727.760,11
GBP30.825,6632.113,27
JPY203,04213,69
KRW17,2621,01
Cập nhật lúc 18:50:27 26/07/2021
Xem bảng tỷ giá hối đoái