Bank warns protests could harm Hong Kong economy
Warning adds to pressure on Beijing from US to allow the former British colony to retain its autonomy
21 August 2019 - 17:48
Hong Kong — A major bank warned on Wednesday that weeks of protests in Hong Kong could hit the economies of the Chinese-ruled city and mainland China itself as demonstrators held a sit-in at the subway site of a mid-summer mob attack.
Hong Kong-based Bank of East Asia (BEA) posted a 75% slump in first-half net profit after it wrote down loans in China because of a downturn in commercial property markets outside China's top cities...
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