On the 25th, Chen Weimin, Vice President of the Hong Kong Monetary Authority, stated in a themed interview event on "Opportunity Bay Area", "Opportunity Hong Kong", and "Opportunity Macau" that due to the impact of US tariff measures, there have been significant fluctuations in the global financial market recently, but the overall stability of the Hong Kong financial market remains stable. Chen Weimin pointed out that the currency market liquidity of the Hong Kong dollar is good and sufficient; Although the stock market has fluctuated, overall transactions are orderly, and many foreign funds have re entered the Hong Kong market; The banking system operates smoothly, with ample liquidity and capital maintained; Foreign exchange reserves are about 416 billion US dollars, with abundant reserves; There are no abnormal situations in the various derivative instrument markets, and various financing activities are proceeding as usual. He stated that although the short-term impact of global trade frictions on Hong Kong's financial market is limited, it is still necessary to closely monitor the long-term effects. Faced with challenges in future trade, supply chain, and real economy, Hong Kong's financial industry needs to leverage its strengths, provide financing and other related support, and seek new opportunities in the face of these challenges. (New Society)
Edit:He Chuanning Responsible editor:Su Suiyue
Source:Xinhua
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