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HKMA Arthur Yuen: HK Bank CRE Risk Exposure Controllable; No Excessive Concentration of Risk
Recommend 54 Positive 93 Negative 40 |
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Even if some local banks' individual medium-sized commercial real estate (CRE) clients face liquidity issues, the banking industry's risk exposure remains controllable, with no excessive concentration of risk exposure, Hong Kong Monetary Authority (HKMA) Deputy Chief Executive Arthur Yuen reassured. He believed that the current challenges faced by the CRE market, impacted by changes in work patterns and consumer habits affecting shop demand, are not unique to Hong Kong. As a regulatory body, the HKMA will continue to keep a close tab on the impact on the banking industry. He also noted that banks' Chinese real estate clients and Hong Kong medium-sized developers still possess significant profitability, confident that the risk in Hong Kong banks' business models is very low. AASTOCKS Financial News Website: www.aastocks.com |
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