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Multinational lenders such as HSBC and Standard Chartered Bank have their regional headquarters in Hong Kong. (Photo by Nozomu Ogawa)
Business

Mixed results of Hong Kong banks' entanglement with mainland capital

Credit rating agencies warn China exposure as top risk for lenders

JOYCE HO, Nikkei staff writer | Hong Kong, Macau

HONG KONG -- Hong Kong's banking sector has grown in leaps and bounds since the territory's 1997 handover from Britain to Beijing, thanks to more intimate ties with mainland China which has metamorphosed from a non-industrial economy into world's second largest in a few decades. But the increasing entanglement with the powerhouse next door has also come with rising costs associated with geographical concentration risk.

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