HSBC intends to tighten risk management in its Hong Kong unit Hang Seng Bank. The mentioned decision of the financial institution is due to concerns about the high probability of an increase in the number of bad loans against the background of the deteriorating economic situation in China and the deep crisis in the real estate sector of this country. The relevant information was published by the media with reference to anonymous insiders who were aware of the motives of HSBC's actions. As part of the change in the relationship process with the head office, Hang Seng's top managers will be more involved in the parent company's discussions on the implementation of risk management activities in the Asia-Pacific region. Insiders note that these discussions relate to corporate and retail business, wealth, and private banking. HSBC's decision is also concerned with an increase in its focus on Asia.