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Banking system remains “robust and sound” despite significant downside risks: HKMA

HKMA Asian Private Banker
The Hong Kong Monetary Authority

Eddie Yue, the new chief executive of the Hong Kong Monetary Authority (HKMA), has refuted “vicious rumours” floating on social media and offered reassurance in an official blog post, saying that the city’s banking system remains “robust and sound” enough to withstand market shocks. Shortly after the HKMA’s former chief executive Norman Chan made his final speech about the resilience…

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