Hong Kong Monetary Authority orders banks to tighten credit control after an explosion in US dollar loans this May. Photo: Sam TsangHong Kong Monetary Authority orders banks to tighten credit control after an explosion in US dollar loans this May. Photo: Sam Tsang
Hong Kong Monetary Authority orders banks to tighten credit control after an explosion in US dollar loans this May. Photo: Sam Tsang

US dollar loan rise triggers warning for Hong Kong

Sharp growth in greenback funding spurs Monetary Authority to raise risk alert and order banks to tighten credit controls

Topic |   Hong Kong Monetary Authority (HKMA)
Hong Kong Monetary Authority orders banks to tighten credit control after an explosion in US dollar loans this May. Photo: Sam TsangHong Kong Monetary Authority orders banks to tighten credit control after an explosion in US dollar loans this May. Photo: Sam Tsang
Hong Kong Monetary Authority orders banks to tighten credit control after an explosion in US dollar loans this May. Photo: Sam Tsang
READ FULL ARTICLE