UPDATE 1-Hong Kong banking regulator says business as usual, no fund outflows
(Adds Yuen quotes, context) HONG KONG, Feb 4 (Reuters) - Hong Kong is not seeing fund outflows following Beijing’s imposition of a national security law in the Asian financial hub, a top executive at the city’s banking regulator said on Thursday. Arthur Yuen, deputy chief executive of the Hong Kong Monetary Authority (HKMA), said it was “pretty much business as usual” for banks despite “the uncertainty”, and he had not heard complaints from customers about the “landscape becoming more complicated”. Total deposits in Hong Kong rose 5.4% in 2020 compared to the previous year, th...
Source: reuters.com
