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在线翻译:
szdaily -> Markets
HK banks checked on loans to HNA, Wanda
    2017-September-5  08:53    Shenzhen Daily

THE Hong Kong Monetary Authority (HKMA) is tightening scrutiny over banks’ exposure to HNA Group Co. and Dalian Wanda Group Co., according to a report by Apple Daily yesterday.

The HKMA asked mainland banks and major lenders in Hong Kong for details on their loans to HNA and Wanda Group, the newspaper reported, citing unidentified people.

Banks were required to submit a survey last week to the HKMA, providing information such as total credit extended and outstanding loans to the two mainland companies.

The HKMA said it engages in discussions with banks on different issues, without commenting further.

The move comes at a time when mainland regulators have also stepped up scrutiny of the companies behind last year’s unprecedented spree of takeovers outside the country.

China has embarked on a drive to reduce leverage in financial markets and snuff out systemic risks, while remaining vigilant for accelerated capital outflows that threaten to weaken the yuan.

The country’s banking regulator has asked domestic lenders to provide information on overseas loans made to firms including Wanda, HNA and Anbang Insurance Group Co., people familiar with the matter said in June.

Authorities followed that with a directive restricting firms from making “irrational” overseas investments in industries such as real estate, hotels, entertainment and sports clubs. SD-Agencies)

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