SUBSCRIBERS

Moody's rating downgrade on 'shallow' evidence, says HK financial secretary

He says HK's financial system has policies in place to improve risk management for mainland-related loans

Published Mon, May 29, 2017 · 09:50 PM

Hong Kong

MOODY'S Investors Service's decision to downgrade Hong Kong's debt rating last week was based on "shallow" evidence, Hong Kong Financial Secretary Paul Chan wrote in a blog on Sunday.

"The evidence on which the ratings company mechanically downgraded Hong Kong's debt rating based on the very close economic relationship between Hong Kong and the mainland is shallow," Mr Chan wrote in a blog on the official website of the financial secretary.

Enhancing cooperation with the mainland cannot be considered negative as China is the main…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

International

Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year

International

International

Moody's rating downgrade on 'shallow' evidence, says HK financial secretary

International

Sunak says UK to raise defence spending amid global threats

China’s central bank hints it may add treasury bond trades to policy toolkit

US business activity cools in April; inflation measures mixed

India’s inflation at risk from extreme weather, geopolitical issues: central bank

Thailand to replace military-appointed Senate, reduce its powers

Bankers lose hope of London IPO revival for another year

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT