HSBC Avoiding Risk: From Govt or Borrowers?

Is HSBC worried about capital controls or the ability of borrowers to repay, or both?
Reuters: HSBC curbs mortgage offering to Chinese citizens in U.S.
Europe's biggest lender HSBC will no longer provide mortgages to some Chinese nationals who buy real estate in the United States, a policy change that comes as Beijing is battling to stem a swelling crowd of citizens trying to get money out of China.

...HSBC's pivot away from lending to some Chinese nationals abroad comes as other international banks clamor to lend more to wealthy Chinese.

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