HSBC cranks up the pressure on Huishan Dairy

Banks seemingly loses patience with a company whose troubles have underlined investor concerns about financial disclosure in China.

HSBC cranks up the pressure on Huishan Dairy

Huishan Dairy, the embattled Chinese company, faces a deepening debt crisis after HSBC, on behalf of five other banks, demanded the repayment of loans totaling $220 million, highlighting the perils of investing in China's more esoteric sectors.

Once a high-profile example of the country's broadening equity appeal  the company raised $1.3 billion from an initial public offering in 2013  Huishan Dairy is fast becoming a poster child for...

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