CNH development to limit HK bank loan growth: BarCap
The rapid development of CNH carries risks including a squeeze on HKD liquidity, a reduction in loan growth for Hong Kong banks, pressure on margins and regulatory risk, believes Barclays Capital.
The market has underestimated the risks and potential unintended consequences of the meteoric rise of offshore renminbi, according to Barclays Capital.The erosion of the Hong Kong dollar deposit base that has resulted from this rise will limit loan growth prospects and pressure margins, it said in an October ...
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