Thursday July 11 2019


News Source: Global Exchanges

Focus: General - Global Exchanges

Type: General

Country: Hong Kong

Link: https://bit.ly/2XwqAHL



On 9th July 2019, the Hong Kong Monetary Authority announced the countercyclical capital buffer (CCyB) for Hong Kong will remain at 2.5%.

System-wide risks in Hong Kong associated with a period of excessive credit growth have not subsided. Housing affordability remains highly stretched and household debt-to-GDP ratio has risen to a new high.

Further details of the decision may be found in the Announcement of the CCyB to Authorized Institutions on the HKMA website.

Click on the above link for further information.