May 10 2018, 9:21 AMMay 11 2018, 8:36 Fitch Ratings has changed its rating for Hong Kong banks ' operating environment from ' a+ ' negative to ' a ' with a stable trend , due to Hong Kong ’s increasing connectivity with China ’s economy and financial system . The company noted that China ’s governance standards were much lower than Hong Kong ’s , supported by World Bank data , and cited above - trend credit growth and asset price stability as risks in Hong Kong stemming from its links with the mainland .
Fitch Ratings has changed its rating for Hong Kong banks ' operating environment from ' a+ ' negative to ' a ' with a stable trend , due to Hong Kong ’s increasing connectivity with China ’s economy and financial system . The company noted that China ’s governance standards were much lower than Hong Kong ’s , supported by World Bank data , and cited above - trend credit growth and asset price stability as risks in Hong Kong stemming from its links with the mainland .