Bank of China (Hong Kong) Ltd.

Second-largest bank in Hong Kong with well-established franchise and extensive branch network. Solid capitalization and robust funding and liquidity cushion the bank against market stress. High systemic importance in Hong Kong and strong likelihood of government support. High exposure to Hong Kong property sector. Pressure on asset quality amid the coronavirus outbreak and social unrest in Hong Kong. The stable outlook reflects our expectation that Bank of China (Hong Kong) Ltd. (BOCHK) will maintain its high systemic importance in Hong Kong, and its close linkage to the creditworthiness of the wider Bank of China group over the next two years. The outlook also reflects our expectation that BOCHK will maintain its business and financial strength over the same time horizon,

...Outlook: Stable The stable outlook reflects our expectation that Bank of China (Hong Kong) Ltd. (BOCHK) will maintain its high systemic importance in Hong Kong, and its close linkage to the creditworthiness of the wider Bank of China group over the next two years. The outlook also reflects our expectation that BOCHK will maintain its business and financial strength over the same time horizon, as reflected in its well-established market franchise, solid capitalization, and an above-average funding and strong liquidity profile....

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