‘Hong Kong’s banking sector is among the safest worldwide,’ says Arthur Yuen, deputy chief executive of the city’s de facto central bank. Photo: Getty Images/iStockphoto‘Hong Kong’s banking sector is among the safest worldwide,’ says Arthur Yuen, deputy chief executive of the city’s de facto central bank. Photo: Getty Images/iStockphoto
‘Hong Kong’s banking sector is among the safest worldwide,’ says Arthur Yuen, deputy chief executive of the city’s de facto central bank. Photo: Getty Images/iStockphoto

Crisis, what crisis? Hong Kong’s banks remain ‘profitable and solid,’ HKMA says, calling the bluff on short sellers’ doomsday prediction

  • The pre-tax profit of all Hong Kong’s retail banks rose 1.8 per cent in the first nine months of 2019, while the capital ratio is over 20 per cent, among the highest worldwide
  • Saying HK banks are heading for crisis is ‘groundless’, says HKMA deputy chief executive Arthur Yuen as he unveils data for the sector

Topic |   Hong Kong Monetary Authority (HKMA)
‘Hong Kong’s banking sector is among the safest worldwide,’ says Arthur Yuen, deputy chief executive of the city’s de facto central bank. Photo: Getty Images/iStockphoto‘Hong Kong’s banking sector is among the safest worldwide,’ says Arthur Yuen, deputy chief executive of the city’s de facto central bank. Photo: Getty Images/iStockphoto
‘Hong Kong’s banking sector is among the safest worldwide,’ says Arthur Yuen, deputy chief executive of the city’s de facto central bank. Photo: Getty Images/iStockphoto
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