HNA faces leery banks as refinancing for Hong Kong project looms

HNA faces leery banks as refinancing for Hong Kong project looms

Land sites under construction at the former Kai Tak airport area. Photographer: Anthony Kwan/Bloomberg

When HNA Group Co., the Chinese conglomerate that’s been buying up companies worldwide, spent $3.5 billion in Hong Kong earlier this year on land for its first luxury real estate development, it had no problems getting bank funding.

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