Hong Kong banks' exposure to China is a concern, Fitch says:

10/24/2011 | Global Financial Strategy

Fitch Ratings said Hong Kong banks' credit ratings could be downgraded because of the companies' exposure to China's financial market. "Fitch is seeing signs of the increasing influence of Chinese banking parents on Hong Kong subsidiaries, which could negatively influence efficiency or even reverse progress in key areas including risk management," said Sabine Bauer, director of the financial-institutions team at Fitch.

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