Hong Kong banks: why they're between a rock and a hard place
Expectations that banks will be able to recoup losses from low interest rates by hiking fees remain unrealistic given the weak overall economic conditions in China and Hong Kong
Already grappling with anaemic credit offtake amid the coronavirus epidemic and a lull following months-long anti government protests, Hong Kong banks are unlikely to catch a break as they deal with a new blow – squeezed margins amid interest rate cuts in the territory.
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