Increase scrutiny by Hong Kong regulators on lending institutions' decisions on non-performing loans.

According to the translation by Zhixun Financial APP, it was reported that the Hong Kong regulatory authorities have stepped up their scrutiny of the bad loan decisions of loan institutions in recent months, and have been more frequent in calling banks to assess their willingness to provide credit lines to smaller developers. At the same time, banks are also re-evaluating the issue of overvaluation of loan collateral. A spokesperson for the Hong Kong Monetary Authority responded by stating that regulatory agencies do not comment on the affairs of individual companies, and emphasized that the HKMA has always required banks to prudently manage credit risks. Overall, the Hong Kong banking industry has always provided credit support to customers with a pragmatic attitude.