Hong Kong's first quarter negative asset count rises by about 6.1%, Morgan Stanley: The possibility of a decline from the peak.

According to the Finance and Economics App, the Hong Kong Monetary Authority announced that the number of negative assets in Hong Kong at the end of the first quarter of this year was 40,741, an increase of about 6.1% from 38,389 at the end of the fourth quarter of last year. These cases mainly involve loans for housing mortgages or mortgage insurance plans for bank employees, with generally high loan-to-value ratios. Melian Property stated that the market expects the U.S. to further cut interest rates, and Hong Kong banks may also have the opportunity to follow suit, providing positive support for the property market. Property prices are expected to stabilize, and it is believed that the number of negative asset cases may decrease from the high level.