Two International Financial Center (IFC), right, stands shrouded in clouds in Hong Kong, China, as banking giant UBS warned of credit risks in financial markets in Hong Kong and other Chinese markets. Photo: Bloomberg Two International Financial Center (IFC), right, stands shrouded in clouds in Hong Kong, China, as banking giant UBS warned of credit risks in financial markets in Hong Kong and other Chinese markets. Photo: Bloomberg
Two International Financial Center (IFC), right, stands shrouded in clouds in Hong Kong, China, as banking giant UBS warned of credit risks in financial markets in Hong Kong and other Chinese markets. Photo: Bloomberg

UBS feels bull market in Hong Kong in jeopardy as China backs away from iron clad guarantees to state firms, raising risks of defaults ahead

Topic |   Hong Kong Stock Exchange
Two International Financial Center (IFC), right, stands shrouded in clouds in Hong Kong, China, as banking giant UBS warned of credit risks in financial markets in Hong Kong and other Chinese markets. Photo: Bloomberg Two International Financial Center (IFC), right, stands shrouded in clouds in Hong Kong, China, as banking giant UBS warned of credit risks in financial markets in Hong Kong and other Chinese markets. Photo: Bloomberg
Two International Financial Center (IFC), right, stands shrouded in clouds in Hong Kong, China, as banking giant UBS warned of credit risks in financial markets in Hong Kong and other Chinese markets. Photo: Bloomberg
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