Yu Weiweng: The Hong Kong financial system is sufficient to address various challenges and maintain currency and financial stability.
Y Wiwn emphasized that the Hong Kong financial system has the ability to cope with various challenges, and various policies will provide certain support to the Hong Kong economy, maintaining financial and monetary stability.
Hong Kong Monetary Authority CEO Eddie Yue expressed at a meeting of the Legislative Council's financial affairs committee that the US tariff war has increased global economic downside risks. The uncertainty in US interest rate trends may continue to cause market volatility and heightened risk aversion. However, he emphasized that the Hong Kong financial system has the ability to deal with various challenges and various policies will provide support to the Hong Kong economy. The Hong Kong Monetary Authority will work with other financial regulatory authorities to maintain monetary and financial stability in Hong Kong.
He mentioned that the central government will increase policy support for the economy, uphold the multilateral trading system, and Hong Kong will accelerate the development of emerging markets, continue to diversify export markets, and assist small and medium-sized enterprises in overcoming difficulties. At the same time, the number of inbound travelers to Hong Kong is further increasing, and southbound capital continues to flow into the Hong Kong stock market.
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