Hong Kong’s interbank liquidity is severely strained as native banks borrowed a report $707 million, the very best quantity in over 5 years. The Hong Kong financial authority, the town’s de-facto central financial institution, stepped in to supply momentary money by way of its low cost window. This surge in borrowing comes as demand for Hong Kong equities has elevated considerably. The rally has put stress on the monetary system. Town’s funding prices have spiked to a close to six-week excessive of 4. 07%.
#hongkong #financialnews #financial system
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