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HK banks' US$430b exposure to China sparks concern

Sum is 40% of their total loan book; 165% of HK's GDP

[HONG KONG] In just a few years, Hong Kong banks have ramped up lending to China from near zero to US$430 billion, fuelling concerns about their credit exposure to the mainland at a time when sliding economic growth and loan defaults are making investors nervous. Even a modest increase in non-