Kaisa default triggers broader loan worries

Concerns mount of a cross default on the Chinese property group's bonds and broader worries over bank exposure to the Chinese property sector.

Chinese property developer Kaisa's default on a HK$400 million ($51 million) loan with HSBC has given lenders further reason to fret about their exposure to China's fragile property sector.

¬ Haymarket Media Limited. All rights reserved.

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