Hong Kong’s banks are better prepared than 20 years ago for a property market crash, even amid the world’s highest real estate prices, because the banking regulator had already forced lenders through eight rounds of mortgage tightening measures, said the Hong Kong Monetary Authority’s chief executive Norman Chan Tak-lam.
While “nobody can predict when the next crisis will arrive, Hong Kong’s financial sector is now well prepared for that,” Chan said in an…
Source : South China Morning Post
Read more…Hong Kong’s banks are in better shape than 1997 to weather a property crash, regulator says















