Hong Kong’s third-quarter negative equity cases jump 34% to a 21-year high of 40,713 cases

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The number of negative equity cases soared to 40,713 at the end of September, a jump of 34 per cent from June, according to the Hong Kong Monetary Authority.

Among negative equity cases, 0.13 per cent of outstanding loans had been delinquent for more than three months as of September, compared with 0.1 per cent in August.

It was the highest number of cases in 21 years, since the fourth quarter of 2003.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong Kong

Topics: Negative Hong Mortgage Cent Monetary Loans Number Authority According Equity Cases

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 17:29:06 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 189 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23347568

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