China, HK banks to share retail expertise - HKMA

HONG KONG - Banks from China and Hong Kong can cooperate closely on retail banking business, such as swapping information about the credit standing of borrowers, Hong Kong's de facto central bank chief said last Thursday.

Hong Kong Monetary Authority chief executive Joseph Yam and a delegation from the Hong Kong Association of Banks (HKAB) discussed the issue with officials from China's central bank and banking association in Shanghai on Thursday, Yam said.

"The two banking associations exchang