A map of Evergrande commercial hubs in China. Photo: EPA-EFE
A map of Evergrande commercial hubs in China. Photo: EPA-EFE

HSBC, UBS among big banks to have cut exposure to China Evergrande as outlook worsens for debt-stricken developer

  • Financial companies have sought to reassure investors in recent days, saying their Evergrande exposure is immaterial or minimal
  • Concerns over Evergrande risk have shaken financial markets

Topic |   Evergrande crisis
A map of Evergrande commercial hubs in China. Photo: EPA-EFE
A map of Evergrande commercial hubs in China. Photo: EPA-EFE
READ FULL ARTICLE