- An article from Reuters over the weekend says the Hong Kong Monetary Authority is enquiring about why overall loan growth in Hong Kong surged to a 40% rate y/y in June compared to a 20% figure in May.
- Its at its highest level since 2006
we have been meeting with a number of banks to understand the reasons behind the growth, whether they think the growth momentum will continue or not, and how banks are managing the associated credit and liquidity risks,” a HKMA spokesman said.