HSBC Subsidiary Files Liquidation Petition Against Chinese Developer

A Hong Kong bank majority-owned by HSBC Holding has filed a liquidation petition against Times China, another instance of creditors seeking to recoup funds from developers amid China’s protracted property slump.

A Hong Kong bank majority-owned by HSBC Holding has filed a liquidation petition against Times China, another instance of creditors seeking to recoup funds from developers amid China’s protracted property slump.