A man rides a bike along residential and commercial properties in Beijing in September 2022. Photo: EPA-EFE
A man rides a bike along residential and commercial properties in Beijing in September 2022. Photo: EPA-EFE

Massive correction in China’s commercial property market has two more years to run, HSBC CEO Quinn says

  • ‘It’s a faster correction and a more decisive one than I was expecting,’ CEO Quinn says at a conference
  • Time is needed for global capital markets to respond to policy tweaks by Chinese authorities to stabilise the sector

A man rides a bike along residential and commercial properties in Beijing in September 2022. Photo: EPA-EFE
A man rides a bike along residential and commercial properties in Beijing in September 2022. Photo: EPA-EFE
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