Fitch views China bank units negatively

Fitch Ratings said it revised the outlook of four Chinese subsidiary banks in Hong Kong and Macao to negative from stable and affirmed their issuer default ratings.

The outlook revision follows a similar action on their parents on Tuesday, the agency said.

The four banks are Bank of Communications (Hong Kong) Ltd., China Construction Bank (Asia) Corp. Ltd., Industrial and Commercial Bank of China (Macau) Ltd. and Tai Fung Bank Ltd.

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