Hong Kong is not New World’s lender of last resort
A view shows the headquarters of New World Development at New World Tower, in Hong Kong, China September 27, 2024. REUTERS/Tyrone Siu/File Photo HONG KONG, June 19 (Reuters Breakingviews) – A property giant’s struggle to secure an $11 billion debt refinancing is keeping regulators and bankers in Hong Kong on edge, for good reason. A…