HKMA tightens macro-prudential measures for second time in a week
The Hong Kong Monetary Authority (HKMA) has imposed its second round of prudential measures in a week, targeting home buyers with multiple mortgages and those whose incomes are not derived from the city.
As the “risk of overheating in the property market in Hong Kong continues to increase” and the competition for mortgage business “has been increasingly keen”, Norman Chan, the chief executive of the HKMA, said the authority needs to introduce new measures to “strengthen banks’ risk management
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