Pedestrians pass an HSBC bank branch in Hong Kong on September 21, 2020. HSBC has warned it might have to set aside up to US$13 billion to cover non-performing loans. Photo: Bloomberg Pedestrians pass an HSBC bank branch in Hong Kong on September 21, 2020. HSBC has warned it might have to set aside up to US$13 billion to cover non-performing loans. Photo: Bloomberg
Pedestrians pass an HSBC bank branch in Hong Kong on September 21, 2020. HSBC has warned it might have to set aside up to US$13 billion to cover non-performing loans. Photo: Bloomberg
Janus Zhang
Opinion

Opinion

The View by Janus Zhang

Coronavirus recovery: protect lenders and borrowers to ease bad loan damage

  • More than ever, banks must strike a delicate balance between extending needed lines of credit to borrowers while also safeguarding themselves against bad debt
  • Banks must continue to lend while anticipating loan losses, and shielding lenders and borrowers while managing bad loans is essential to an economic recovery

Pedestrians pass an HSBC bank branch in Hong Kong on September 21, 2020. HSBC has warned it might have to set aside up to US$13 billion to cover non-performing loans. Photo: Bloomberg Pedestrians pass an HSBC bank branch in Hong Kong on September 21, 2020. HSBC has warned it might have to set aside up to US$13 billion to cover non-performing loans. Photo: Bloomberg
Pedestrians pass an HSBC bank branch in Hong Kong on September 21, 2020. HSBC has warned it might have to set aside up to US$13 billion to cover non-performing loans. Photo: Bloomberg
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Janus Zhang

Janus Zhang

Dr Janus Zhang is an assistant professor in the Department of Accountancy and Law at Hong Kong Baptist University School of Business. His research specialises in financial accounting, banking and auditing. He is a certified public accountant and a former auditor at Deloitte.