Pre-tax operating profits of banks in Hong Kong grew by 8.7 per cent last year compared with 2015, turning around 2014’s 3.6 per cent decline in profits. Photo: SCMP

HK banking sector profits grow 8.7pc in 2016 but officials still advise caution

Hong Kong Monetary Authority says sector remains resilient, but adds ‘in 2017, the macro environment will be more challenging’

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Pre-tax operating profits of banks in Hong Kong grew by 8.7 per cent last year compared with 2015, turning around 2014’s 3.6 per cent decline in profits. Photo: SCMP
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