May 10 2018, 9:21 AMMay 11 2018, 8:36 AMMay 10 2018, 9:21 AMMay 11 2018, 8:36 AM
Fitch Ratings has cut its assessment 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 rating agency said in an announcement that it had lowered the outlook on three major banks - Standard Chartered Bank, HSBC Bank (Hong Kong)