We expect SCBHK to continue to have resilient revenue, a broad and healthy customer deposit base, as well as adequate capital buffers to support faster loan growth than in the previous two years. We expect SCBHK to continue to benefit from the Hong Kong government's extraordinary support in the case of stress because of the bank's high systemic importance to Hong Kong's banking sector despite the resolution regime development this year. We are affirming our 'A+' long-term and 'A-1' short-term issuer credit ratings on SCBHK. The stable outlook reflects our expectation that SCBHK will maintain its business and financial strengths over the next two years. We also expect the bank to maintain its high systemic importance in Hong Kong and
