Source:
https://scmp.com/business/banking-finance/article/1144866/loans-hong-kong-banks-mainland-firms-drop-sharply
Business/ Banking & Finance

Loans by Hong Kong banks to mainland firms drop sharply

Relatively weak economy leads to growth in borrowings dropping sharply in first 9 months

Customers of Hong Kong banks such as HSBC face new security measures if they want to use their ATM card abroad.

Growth in loans made by Hong Kong banks to mainland companies slowed substantially last year as a result of the relatively weak economy on the mainland.

Total lending to non-bank mainland companies rose 13 per cent in the first nine months of last year over the same period in 2011, less than a third of the 42.9 per cent growth rate seen in 2011, the Hong Kong Monetary Authority said.