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Fitch Concerns on Liquidity Pressure on HK Developers, Expects HK Banks' 2025 Earnings to Be Pressured w/ Stable Outlook
Recommend 22 Positive 26 Negative 21 |
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Tyran Kam, Senior Director and Head of China Property at Fitch Ratings, expected the residential market in individual districts of Hong Kong to continue to benefit from better rental returns from student and crew rental, and was concerned about liquidity pressures on some Hong Kong homebuilders and the impact on the residential market. Grace Wu, Head of Greater China Bank Ratings at Fitch Ratings, expected Hong Kong banks' earnings to be under pressure this year. However, in terms of the rating outlook, Hong Kong banks' ratings remain stable. The pace and magnitude of interest rate declines were slower than previously expected, meaning that borrowers' repayment burdens remain quite high. AAStocks Financial News |
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