Why is domestic lending in Hong Kong sluggish-HKMA

Why does domestic lending continue to be so sluggish in Hong Kong when the economy is making such a vigorous recovery, asks Joseph Yam, chief executive of the Hong Kong Monetary Authority, in his weekly "Viewpoint" column published on the HKMA website.


While the Hong Kong economy has staged a strong V-shaped recovery since the second quarter of 1999, domestic lending has remained sluggish: it only resumed mild positive year-on-year growth in

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