HK government says subprime yet to pose systemic risk


The US subprime mortgage crisis has yet to cause serious economic problems for Hong Kong, a senior government official told the territory's Legislative Council on January 16.

"According to the information available to us, the subprime problem in the US has not caused any systemic implications for Hong Kong's economic and financial structures," said Chan Ka-cheung, secretary for financial services and the treasury in Hong Kong. "The relevant systems remain structurally stable."

But he warned that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: