The exposure of Macau’s banks to the mainland has quadrupled in four years, Fitch Ratings says. The rating agency says that at the end of last year 20 percent of the assets of the city’s financial system were linked to mainland companies and individuals, four times the proportion in 2009. Fitch says over US$240 billion (MOP1.92 trillion) worth of mainland assets were parked in Macau banks last year.
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