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.

Ivan Zhang

October 06, 2011

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.

However, the rising supply-demand mismatch for Hong Kong dollar...

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