The UK has significant financial ties to Hong Kong, and the recession and correction in house prices we are forecasting there will put the territory’s financial sector under pressure. However, only a couple of UK banks are vulnerable. And as they appear well capitalised, even a much worse economic downturn than we expect in Hong Kong should not undermine UK financial stability.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.