Commentary: Hong Kong’s tycoons are damaging the city’s credit culture
Teona Gherasim
Hong Kong’s old-money developers are facing a credit reckoning after decades of easy borrowing, says Bloomberg Opinion's Shuli Ren. HONG KONG: How creditworthy are Hong Kong’s billionaire tycoons? Despite the glamour and prestige they project, the city’s old money are dishing out one nasty surprise after another. As bankers and investors wake up to the reality that they might never be made whole, the easy credit culture long afforded to the elite will inevitably come to an end. New World
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