HK finance chief says city's exposure to Evergrande 'very minimal'

HK finance chief says city's exposure to Evergrande 'very minimal'

FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip/File Photo/File Photo

Hong Kong‘s exposure to debt-laden developer China Evergrande Group is “very minimal” at 0.05%, or HK$14 billion ($1.79 billion), of banking assets, South China Morning Post reported on Sunday, citing the city’s finance minister.

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