As recession takes hold, Hong Kong banks worry about risk of easier mortgage rules

Credit: WorldNews- Published on November 14, 2019
By Clare Jim and Sumeet Chatterjee HONG KONG (Reuters) - Even as Hong Kong has reduced down-payment requirements to help young professionals and families to buy homes, banks are beefing up mortgage application standards to ensure that a recession does not saddle them with bad loans, bankers and mortgage brokers said. Last month,...

Credit: Reuters - Politics
Published on November 15, 2019 -  02:15
Hong Kong tips into recession amid protests
Hong Kong announced its economy has tipped into recession for the first time in a decade, as the financial hub braced for another weekend of anti-government protests. Lucy Fielder reports.

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