Bloomberg News

HSBC’s Wong Says No Need to Remove Housing Measures in Hong Kong

December 09, 2011

Dec. 9 (Bloomberg) -- Hong Kong doesn’t need to remove measures curbing home prices now as there’s no sharp decline in prices, Peter Wong, HSBC Holdings Plc’s Asia Pacific head told reporters in the city today.

The city’s banking system won’t be much affected unless there’s a severe fall in home prices, Wong said.

To contact the reporter on this story: Stephanie Tong in Hong Kong at stong17@bloomberg.net

To contact the editor responsible for this story: Hwee Ann Tan at hatan@bloomberg.net


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