HKMA probes China Huishan Dairy's $200m loan

Hong Kong banks must provide information on the credit-checking processes regarding the said loan.

Hong Kong's banking watchdog is questioning lenders over a $200 million loan raised by China Huishan Dairy Holdings Co Ltd, sources involved in the matter told Reuters, as regulators try to unpick the group's tangled finances.

According to Reuters, the Hong Kong Monetary Authority (HKMA) has been increasing its scrutiny of Hong Kong bank lending to mainland Chinese companies, fretting that the city's lenders are growing increasingly exposed to worsening credit conditions there.

Read more here.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!