Hong Kong

But don’t expect strong expansion.

Ten years into the internationalisation of the currency, Hong Kong’s yuan loan business has lagged behind other offshore business. Current outstanding yuan loans of Hong Kong banks, for example, total only RMB123 billion, about one-sixth of the RMB704 billion dim sum bond market (including certificates of deposits) (Chart 1).

Here's the main culprit.

Beware of this domain name.

The China Securities Regulatory Commission (CSRC) and the Securities and Futures Commission (SFC), on 10 April, approved in principle, the development of the Shanghai-Hong Kong Stock Connect, a pilot program for establishing mutual stock market access between China and Hong Kong.

Impact is 'manageable', says Fitch.

But credit cost seen to rise.

Loan demand pushes tighter liquidity.

It can jump as high as 1.68%p.a.

It slightly beat expectations.

But revenue slightly disappointed analysts.

Here's what boosted this growth.

Preferential brokerage rate could be 0.1% eventually.

Thanks to these two growth drivers.

Will blanket strategy be enforced?

Corporate lending sped up.