Banks' Refusal to Lend Exacerbates Hong Kong's Shop Slump The ongoing battle between Hong Kong landlords and banks has left many wondering: whose responsibility is it to breathe life into the city's ailing retail market?
The answer lies somewhere in between.
However, one thing is clear: the banking sector's reluctance to lend – coupled with its zeal for repayment of outstanding loans – is having a devastating impact on shop owners and prospective buyers.