HK banks

Hong Kong banks face liquidity squeeze

Banks in Hong Kong face an uncertain outlook thanks to persistently low interest rates and the migration of local-currency deposits into renminbi.
The forecast in Hong Kong is gloomy, according to KPMG's latest banking survey (AFP)

Hong Kong’s banking industry posted decent profits in 2010 as economic growth recovered to pre-crisis levels and unemployment and inflation stayed low, but the future does not look so bright.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media