Hong Kong likes to lay the blame for its escalating property prices on the influx of mainland money, particularly into high-end apartments. However the latest evidence from the HK Monetary Authority suggests that Hongkong is doing much to help the process along. Meanwhile the territory's lending institutions are helping mainland firms avoid the rather modest efforts that China has been making to rein in credit growth.
Hong Kong Builds a Bubble
Hong Kong Builds a Bubble
Hong Kong Builds a Bubble
Hong Kong likes to lay the blame for its escalating property prices on the influx of mainland money, particularly into high-end apartments. However the latest evidence from the HK Monetary Authority suggests that Hongkong is doing much to help the process along. Meanwhile the territory's lending institutions are helping mainland firms avoid the rather modest efforts that China has been making to rein in credit growth.