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BRIEF-Authorized institutions need to review credit risks posed by developers - HKMA
May 12, 2017 / 8:49 AM / 5 months ago

BRIEF-Authorized institutions need to review credit risks posed by developers - HKMA

May 12 (Reuters) - Hong Kong Monetary Authority (HKMA)

* Says there is a need for authorized institutions to review the credit risks posed by property developers to which they have exposures

* Says authorized institutions should lower the caps respectively to 40 percent of the site value and 80 percent of the construction cost from June 1, 2017 (Reporting by Hong Kong newsroom)

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