A conclusion that Hong Kong is vulnerable based on the city’s ‘seemingly high private-sector credit’ is unsound, the HKMA says. Photo: Sam Tsang A conclusion that Hong Kong is vulnerable based on the city’s ‘seemingly high private-sector credit’ is unsound, the HKMA says. Photo: Sam Tsang
A conclusion that Hong Kong is vulnerable based on the city’s ‘seemingly high private-sector credit’ is unsound, the HKMA says. Photo: Sam Tsang

Monetary authority pushes back on warning that soaring private-sector debt in Hong Kong could lead to recession

  • The city, as an international financial centre, has higher debt because many companies raise money to finance activities elsewhere, HKMA says
  • City had a low non-performing loan ratio of just 0.79 per cent at the end of the second quarter

Topic |   Dealing with debt
A conclusion that Hong Kong is vulnerable based on the city’s ‘seemingly high private-sector credit’ is unsound, the HKMA says. Photo: Sam Tsang A conclusion that Hong Kong is vulnerable based on the city’s ‘seemingly high private-sector credit’ is unsound, the HKMA says. Photo: Sam Tsang
A conclusion that Hong Kong is vulnerable based on the city’s ‘seemingly high private-sector credit’ is unsound, the HKMA says. Photo: Sam Tsang
READ FULL ARTICLE