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HK corporate debt may increase further

The Hong Kong Monetary Authorities (HKMA) is expected to raise it policy rate following to the Fed's last night rate hike.
Currently, the central bank holds its bank rates at 0.50% for long time raised by 25bp to 0.75%. 

Hong Knog is highly affected by the China's slowdown as China is a larger trading partner of the economy. Therefore, GDP of the economy is expected to contract by 2.4% in Q3 2015.

Another risk to the economy is corporate debt, which is around 200% of GDP at present is expected to increase further, suspects Nordea Bnak. 

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