The Hong Kong skyline is seen at sunset in October last year. As a global financial centre, Hong Kong’s banking sector assets and liabilities extend far beyond the local economy. Photo: Reuters The Hong Kong skyline is seen at sunset in October last year. As a global financial centre, Hong Kong’s banking sector assets and liabilities extend far beyond the local economy. Photo: Reuters
The Hong Kong skyline is seen at sunset in October last year. As a global financial centre, Hong Kong’s banking sector assets and liabilities extend far beyond the local economy. Photo: Reuters
Chen Zhao
Opinion

Opinion

The View by Chen Zhao

Why Hong Kong’s ‘indebted’ companies won’t trigger an economic collapse any time soon

  • The recent prediction of a ‘cataclysmic recession’ triggered by high private-sector debt fails to take into account Hong Kong’s role as a global financial centre
  • Debt levels are a poor measure of financial risk. Rather, the vulnerability of an economy has more to do with the quality of the credit and the ability to service it

The Hong Kong skyline is seen at sunset in October last year. As a global financial centre, Hong Kong’s banking sector assets and liabilities extend far beyond the local economy. Photo: Reuters The Hong Kong skyline is seen at sunset in October last year. As a global financial centre, Hong Kong’s banking sector assets and liabilities extend far beyond the local economy. Photo: Reuters
The Hong Kong skyline is seen at sunset in October last year. As a global financial centre, Hong Kong’s banking sector assets and liabilities extend far beyond the local economy. Photo: Reuters
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