HALISTER1: H.K. Property Loan Curbs to Impact Bank Margins: Hang Seng

H.K. Property Loan Curbs to Impact Bank Margins: Hang Seng

(Bloomberg) -- Hong Kong’s latest measures to tighten property lending will have some impact on banks’ margins, Hang Seng Bank Chairman Raymond Ch’ien says in interview with Bloomberg Television.
  • Hang Seng Bank not looking at mortgage rates in the near future: Ch’ien
    • NOTE: Fresh Property Loan Curbs Herald End to Hong Kong Mortgage War
  • On Moody’s downgrade of China, Ch’ien says Aa3 is still an “excellent grade”; cautiously optimistic that a re- rating will come: Ch’ien
    • NOTE: China Hit by First Moody’s Downgrade Since 1989 on Debt Risk
  • No problem with Hong Kong banks as the banking system has been prudent: Ch’ien
To contact the reporter on this story: Alfred Liu in Hong Kong at aliu226@bloomberg.net To contact the editors responsible for this story: Marcus Wright at mwright115@bloomberg.net Andy Sharp

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
11 HK (Hang Seng Bank Ltd)

People
Ch'Ien Kuo Fung (HSBC Holdings PLC)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283