HK SFC, Fitch flag concerns about private credit
The head of Hong Kong's securities watchdog says ensuring the stability of non-bank lenders has “rocketed up the priority list” since the Covid-19 crash in March.
The Covid-19 pandemic has heightened the systemic risk arising from the activities of non-bank financial intermediaries (NBFI), previously known as shadow banking, and such risks are likely to rise further in 2021, experts warn.
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