The US-based Fitch Ratings published its latest report on the impact of the Chinese economic slowdown on the banks in the Asian developed markets, including Hong Kong.
Key Findings:
China slowdown would hit banks in Asian developed markets most.
Outside of mainland China, Hong Kong banks have the most direct exposure to a Chinese slowdown.
Cuts assessment of the operating environment for Hong Kong’s banks to ‘A’/Stable from ‘A+’/Negative in 2018.
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