Hong Kong banks' mainland exposure ‘not all hot money' says HKMA deputy

HKMA deputy Arthur Yuen plays down risks of HK exposure to Chinese mainland

Hong Kong
Hong Kong

Hong Kong banks' exposure to the Chinese mainland is made up of a heterogeneous set of products – but to classify it all as ‘hot money' is "clearly too extreme", according to Hong Kong Monetary Authority (HKMA) deputy chief executive Arthur Yuen.

In a Q&A-style article posted on the HKMA website today, Yuen explains that the heterogeneity of Hong Kong banks' HK$2,582 billion ($333 billion) exposure to the mainland means "it is not appropriate to manage the risks of mainland-related lending using

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