Hong Kong’s exposure to the unfolding debt crisis at developer China Evergrande is ‘very minimal’, according to the city’s financial secretary. Photo: Reuters
Hong Kong’s exposure to the unfolding debt crisis at developer China Evergrande is ‘very minimal’, according to the city’s financial secretary. Photo: Reuters

exclusive | Hong Kong’s exposure to Evergrande crisis ‘very minimal’ and no threat to city’s financial stability, top official says

  • Local banking sector’s exposure to spiralling developer about 0.05 per cent of assets, Financial Secretary Paul Chan tells Post in exclusive interview
  • Recent mainland crackdown on some industries, meanwhile, presents only a ‘temporary setback’ for local stock exchange

Topic |   Evergrande crisis
Hong Kong’s exposure to the unfolding debt crisis at developer China Evergrande is ‘very minimal’, according to the city’s financial secretary. Photo: Reuters
Hong Kong’s exposure to the unfolding debt crisis at developer China Evergrande is ‘very minimal’, according to the city’s financial secretary. Photo: Reuters
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