Hong Kong banking industry stays in good health

The Hong Kong banking sector remains highly liquid, well capitalised and profitable said Y.K. Choi, a deputy chief executive of the Hong Kong Monetary Authority.

Choi said: "The banking system remains strong but should not lose sight of challenges due to intense competition and potential volatilities in global financial management."

The deputy outlined four priorities for the year ahead:

· reviewing the relevant rules and resources available for enforcement of the securities and futures business

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