HSBC Pushes Hang Seng Bank to Offload Bad Hong Kong Property Debt

HSBC, a large bank, is telling its Hong Kong branch, Hang Seng Bank, to get rid of some bad loans.

These are loans given to people and companies who can't pay them back, mostly for properties in Hong Kong.

The Hong Kong property market is struggling, so many loans have become 'bad.'

HSBC wants Hang Seng to sell these loans to other companies to help the bank.

This is happening because the amount of unpaid loans has greatly increased recently.