HSBC’s Peter Wong Says Hong Kong Inflation Continues to Rise
Stock Chart for HSBC Holdings PLC (HSBA)
Inflation is continuing to rise in Hong Kong, Peter Wong, the bank’s Asia Pacific chief executiveofficer, said in an interview broadcast on NOW TV today.
The city’s home market “won’t be too bad” in the medium to long term, Wong said. HSBC has increased mortgage rates because of rising capital costs, he said.
To contact the editor responsible for this story: Stanley James at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.