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FINANCIAL SERVICES | Staff Reporter, Hong Kong

HKMA probes China Huishan Dairy's $200m loan

Hong Kong banks must provide information on the credit-checking processes regarding the said loan.

Hong Kong's banking watchdog is questioning lenders over a $200 million loan raised by China Huishan Dairy Holdings Co Ltd, sources involved in the matter told Reuters, as regulators try to unpick the group's tangled finances.

According to Reuters, the Hong Kong Monetary Authority (HKMA) has been increasing its scrutiny of Hong Kong bank lending to mainland Chinese companies, fretting that the city's lenders are growing increasingly exposed to worsening credit conditions there.

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