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HKMA reminds industry to take heed of credit risk amid 15% uptick in asset-backed loans

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In its Half-Yearly Monetary & Financial Stability Report published last Friday, the HKMA announced a 15% half-yearly increase in loans backed by financial assets, but advised banks to “stay vigilant” when it comes to credit risk due to a “potential deterioration” of the economic environment. The HKMA published that bank credit continued expanding in the first half of the year…

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