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Record Nr. |
UNINA9910162923403321 |
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Titolo |
People's Republic of China-Hong Kong Special Administrative Region : : Selected Issues |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2017 |
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ISBN |
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Descrizione fisica |
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1 online resource (26 pages) : illustrations (some color), graphs, tables |
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Collana |
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IMF Staff Country Reports |
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Disciplina |
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Soggetti |
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Finance - China - Hong Kong |
Finance - Asia |
Banks and Banking |
Exports and Imports |
Labor |
Macroeconomics |
Industries: Financial Services |
Accounting |
Current Account Adjustment |
Short-term Capital Movements |
Empirical Studies of Trade |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Wages, Compensation, and Labor Costs: General |
Retail and Wholesale Trade |
e-Commerce |
International economics |
Labour |
income economics |
Banking |
Finance |
Monetary economics |
Financial reporting, financial statements |
Trade balance |
Current account surpluses |
Wages |
Current account |
International trade |
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Balance of payments |
Loans |
Financial institutions |
Balance of trade |
Banks and banking |
Labor economics |
Hong Kong Special Administrative Region, People's Republic of China |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references at the end of each chapters. |
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Sommario/riassunto |
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This Selected Issues paper analyzes Hong Kong Special Administrative Region (SAR) banks’ exposure to nonbanking businesses in Mainland China. Hong Kong SAR banks are generally less exposed to riskier Mainland businesses. Despite that, a sharp deterioration in the balance sheet of Mainland businesses, as well as a sharper-than-expected downturn in the Mainland economy could negatively affect Hong Kong SAR banks, raising debt at risk well above suggested estimates. As Hong Kong SAR banks generally have sizable buffers against downside risks, the best approach to such a scenario is vigilance, including maintaining high origination and underwriting standards. |
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