Hong Kong's banks should look beyond China

Hong Kong’s tepid growth is forcing its banks to rely ever more on China for profits. That may be the easy option — but they should look further afield.

Hong Kong’s economy is in trouble. House prices are falling. Economic growth is slowing so much Nomura analysts now predict a recession. The increasing — albeit slow — opening of China’s economy is challenging Hong Kong’s status as a crucial hub for foreign companies hoping to enter the mainland.

¬ Haymarket Media Limited. All rights reserved.

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