I’m writing towards the Chief Executives of all the registered institutions from the white of your escalation in domestic mortgage financing and various other particular property lending which includes took place the fresh earliest 1 / 2 of this year.
According to consequence of the monthly survey, domestic home loan lending of the 33 organizations included in the survey rose by 2.7% from inside the June. Which quick gains has helped to strength an upswing inside the assets costs from inside the same period. The risk towards the lending institutions increases into the overheated industry requirements if prices next right greatly. Quick development in credit also sets more stress on equilibrium sheet sets, since the showed of the destruction about Hong kong buck loan-to-deposit ratio throughout this present year.
The brand new HKMA anticipates most of the financing institutions to adopt a prudent and you will in charge thoughts on their possessions financing. Continua a leggere