Six Hong Kong-listed firms disclose deposits at SVB, say impact on operations is minimal

Six Hong Kong-listed firms disclose deposits at SVB, say impact on operations is minimal

The main entrance of Silicon Valley Bank is pictured in Menlo Park, California, U.S. March 10, 2023. REUTERS/Michaela Vatcheva

Six Hong Kong-listed companies, mostly Chinese pharmaceutical firms, disclosed cash deposits at Silicon Valley Bank on Sunday, adding that their exposure to the failed US lender and its impact on operations were immaterial, in an effort to calm investors.