Some Hong Kong banks refuse mortgages for China Vanke's Le Mont project in Tai Po

Big news about a building project in Hong Kong! A big Chinese company, Vanke, is building apartments, but some banks are worried.

They're afraid Vanke might not be able to finish building the apartments. This is because Vanke has a lot of debt.

So, some banks are saying they won't give homebuyers loans to buy apartments in that building.

• Some banks won't give loans for Vanke's new apartments.
• Vanke has a lot of debt and might not finish the building.
• Banks are worried they won't get their money back.
• Other banks are still thinking about it.