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Topic Summary

Posted by: Ecativos
« on: April 26, 2020, 05:34:04 PM »

Finance Minister stresses Hong Kong still able to control financial risks

Paul Chan, Minister of Finance of Hong Kong Revealed today that Hong Kong can still control the financial risk. Despite facing violent protests last year Including the outbreak of Covid-19 this year

Mr Chan said Trading in Hong Kong's financial markets is as normal. Despite facing heavy pressure

In addition, the government has not found that the outflow of funds in excess of normal amount. While the Hong Kong dollar stood at 7.75 Hong Kong dollars per US dollar under the multiple exchange rate system (LERS). Which indicates that there is capital inflows

Capital inflows have been at HK $ 1 trillion (1.29 billion US dollars) since the 2008 global financial crisis and only 1.4 billion Hong Kong dollars (1.8 billion US dollars) outflowed.

The Hong Kong Ministry of Finance has been working hard to find measures to deal with the outbreak of Covid-19. By increasing liquidity in the financial system And provide financial assistance to affected businesses Including raising the level of financial market monitoring

The Xinhua News Agency reported that Although property prices in Hong Kong are at high levels. But the Hong Kong home market is not likely to decline. Supported by government demand management measures And the supply is quite tight

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