Hong Kong

A consortium will take over afterwards.

Is it a positive regulatory change?.

Following slow growth in August.

Small downgrades to be expected.

In the wake of broad global regulatory initiatives including Basel III, the roll-out of Dodd-Frank, the European Market Infrastructure Regulation ("EMIR") and other regulatory guidelines, a variety of issues are currently impacting the Asia-Pacific ("APAC") financial services sector.

Weaker outlook is also expected in 2H.

Investors have been rewarded.

Following Stable Funding requirement introduction.

Proceeds will be for Basel III requirements.

But there's potential capital shortfall.

Clue: only 2 from this year.

Annual profits have also grown consistently.

Macro-prudential measures to remain in place.

Thanks a lot to Hong Kong.

Loan growth for June was slower YoY.

Payment deadline is on September.