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Hong Kong banks face ‘very weak’ outlook as coronavirus bites, with HSBC technique in highlight, analysts say

Hong Kong banks face ‘very weak’ outlook as coronavirus bites, with HSBC technique in highlight, analysts say

2020-02-14 03:45:09



As Hong Kong’s largest banks put together to report their 2019 outcomes starting subsequent week, buyers will probably be intently watching to see how HSBC Holdings and its friends anticipate the coronavirus outbreak to hit their backside strains this yr.The early indicators are worrisome because the well being disaster hurts native companies and customers in an economic system already wrecked by months of anti-government protests final yr. Banking sector income is predicted to be “very weak” within the first half because the viral outbreak cools mortgage…

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