Hong Kong checks bank loans to HNA and Wanda

BIg plans: Pedestrians walking past the HNAbuilding in Beijing. The firm has been expanding its presence in Hong Kong, spending about US3.5bil earlier this year. — Bloomberg

 HONG KONG: The Hong Kong Monetary Authority (HKMA) has asked banks in the city for details of their loans to HNA Group Co and Dalian Wanda Group Co, according to people familiar with the matter.

Lenders were required to submit a survey to the city’s de facto central bank providing information such as total credit extended and outstanding loans to the two companies, said the people, who asked not to be identified as the information isn’t public.