Pierre Latrobe at Mazars discusses the measures the HKMA has taken so far to strengthen its macroprudential supervisory toolkit and address potential risks to the wider financial system.
October 22, 2019The first CCyB cut since 2015, the move is expected to free up between HKD 200-300 billion in the financial system and make it easier for banks to lend to SMEs.
October 15, 2019ICBC was reportedly the first bank to lower its lending rate on small business loans, offering a rate of 4.5% in Q4 2018, compared to the PBOC's one-year benchmark lending rate of 4.35%.
May 20, 2019Only 100 P2P lending platforms are expected to qualify for new licences under the new registration system set to be introduced later this year.
April 18, 2019The focus of the joint audit will be on the small business lending practices at Shinhan Bank, KB Kookmin Bank, Woori Bank and KEB Hana Bank.
April 17, 2019The central bank has tweaked its definition of SMEs to include more firms and reduced reserve requirements for banks lending to these firms.
January 4, 2019Of the funds released with the cut, ¥500b should support debt-to-equity swap programme to lower corporate debt ratios, ¥200b to be used for SME lending.
June 25, 2018