[ACCUMULATE评级]SINGAPORE BANKING MONTHLY：2017 ENDED WITH A STRONG PERFORMANCE IN DECEMBER
Hong Kong November domestic loans growth was 14.8% YoY.
SIBOR and HIBOR spiked up at the end of December signalling a further increase inmortgage rates in Hong Kong and Singapore in January 2018.
Maintain Accumulate for the Singapore Banking Sector.
□ .B.e.n.n.y. .W.A.N.G./.Z.H.A.N.G. .J.i.n.g./.F.A.N. .G.u.o.h.e./.J.o.h.n. .W.O.N.G./.W.A.N.G. .Y.a.n .辉.立.证.券.(.香.港.).有.限.公.司