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Modest loan growth expected for HK
Investment banks believe loan growth in Hong Kong is recovering, thanks to rising consumer demand and a resurgent property market.
According to Credit Suisse First Boston (CSFB), Hong Kong will see loan growth of 4.4 per cent this year and 5.7 per cent next year, against zero increase last year.
UBS forecast Hong Kong's loan growth would be 6 to 8 per cent this year and next, fuelled by an average 30 per cent rise in property prices.
The city's credit growth was the lowest in the region, where some markets were expected to record double-digit increases this year and next, said Bill Stacey, of CSFB's Asian equities research.
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