In Focus
ECONOMY | Staff Reporter, Hong Kong

“Hong Kong’s banks are well capitalized”: Nelson Man

He said there is no immediate need for Hong Kong’s banks to raise capital amidst the debt crisis in Europe.

A Bloomberg report noted, “The city’s banks have 'minimal' vulnerability to Europe, the woes of which are unlikely to have an impact on Hong Kong’s overall financial stability, Man said. Even so, the challenge would become more serious if countries such as Germany and France become engulfed in trouble, he said.”

According to Mr. Man, executive director of banking supervision at HKMA, the average capital ratio is well above the standards required by the Basel Committee on Banking Supervision.

View the report here.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.