After reaching the bull case scenario of rising 11%, upside is getting limited for the rest of the year, and conditions are becoming less favourable. As companies in China are scrambling to Hong Kong to borrow and Hong Kong depositors favour Chinese Yuan (a.k.a. Renminbi) deposits over Hong Kong dollar, Hong Kong dollar liquidity is being tightened, thus funding costs are rising.
(read the rest of the story…)

People who looked at this item also looked at…

• Wilmar gets $1.9b syndicated loan facility
• Hong Kong Property: The Impact Of China’s Tightening

Related items

• Hong Kong economy slowed in first quarter
• Asian markets lower after weak US growth data
• Dim Sum Loans May Triple This Year as BoCom Sees ‘Golden Era’
• Hong Kong Index Falls to Two-Year Low
• Hong Kong economy slows in Jan-Mar