On the 23rd, the Hong Kong Special Administrative Region government issued a press release stating that the International Monetary Fund had released an assessment report reaffirming Hong Kong's status as an international financial center. The evaluation report acknowledges that the Hong Kong financial system maintains resilience under a robust institutional framework, sufficient policy buffer space, and smooth operation of the linked exchange rate system. The International Monetary Fund praises the Hong Kong SAR government for making supporting economic recovery, controlling financial stability risks, and addressing structural challenges a policy priority. It believes that the Hong Kong economy is highly open, the financial services industry is large and in line with global standards, and the linked exchange rate system is still a suitable arrangement for Hong Kong. It agrees that the SAR government's direction and path of gradually integrating its finances in the medium term is appropriate. The International Monetary Fund delegation will visit Hong Kong from November 11 to 22, 2024, during which discussions will be held with officials from the SAR government, financial regulatory agencies, and representatives from private institutions. The delegation released a preliminary summary on January 10, 2025, acknowledging Hong Kong's status and functions as an international financial center. (New Society)
Edit:He Chuanning Responsible editor:Su Suiyue
Source:Xinhua
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