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Published • loading... • Updated

Hong Kong Banks Hoard Record Piles of Cash as Economy Sputters

Summary by Bloomberg
Hong Kong banks are hoarding cash and liquidity despite calls by the government to help out struggling small businesses with funding to reignite the city’s ailing economy.

3 Articles

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The Straits TimesThe Straits Times
Reposted by
Business TimesBusiness Times
Lean Right

Hong Kong banks hoard record piles of cash as economy sputters

Lending has slumped amid high interest rates and a property downturn.

·Singapore
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BloombergBloomberg
Lean Left

Hong Kong Banks Hoard Record Piles of Cash as Economy Sputters

Hong Kong banks are hoarding cash and liquidity despite calls by the government to help out struggling small businesses with funding to reignite the city’s ailing economy.

·United States
Read Full Article
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Bloomberg broke the news in United States on Tuesday, January 7, 2025.
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