HSBC to improve ties with HK unit Hang Seng Bank to mitigate risk

HSBC to improve ties with HK unit Hang Seng Bank to mitigate risk

FILE PHOTO: HSBC's logo is seen on its headquarters in Hong Kong, China August 4, 2020. REUTERS/Tyrone Siu

HSBC plans to tighten risk management at Hong Kong unit Hang Seng Bank due to worries about a potential rise in bad loans amid growing economic headwinds and property sector crisis in China, said two people with knowledge of the matter.