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HKMA: No Intention to Establish Rumored Bad Bank; HK Banks Show Decent Profits
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There is no intention to establish the rumored bad bank in Hong Kong, an HKMA spokesperson stated, and the relevant banks in the rumor also have no such plans purportedly. Prior to this, there were rumors that, with the increase in non-performing loans at Hong Kong banks, some large banks in Hong Kong were preliminarily discussing the establishment of a bad bank. The spokesperson added that the HKMA has always required banks to prudently manage credit risk. Overall, the balance sheets of Hong Kong banks are healthy, with controllable credit risk, adequate provisions, over 140% of credit provision coverage, and decent profits. Therefore, the related rumors are unfounded, the spokesperson said. AASTOCKS Financial News Website: www.aastocks.com |
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