Hong Kong Special Administrative Region (HKSAR) government finance secretary Paul Chan said the “HK dollar selling” amid US interest rate hikes does not mean a capital outflow, but will affect Hong Kong’s financial and currency stability. Said it’s nothing.
In the first half of 2022, total deposits of Hong Kong licensed institutions increased by just 0.4%, reflecting that the “sale of Hong Kong dollars” is not equivalent to a “capital outflow” and has no impact on Hong Kong’s financial markets. . Chan said in a blog post on Sunday about the financial and currency stability of Hong Kong.
He said that in the face of the changing international political situation, efforts are needed to further strengthen economic and trade cooperation with emerging economies and to more actively attract talents and enterprises from different regions to Hong Kong. said.
As an international funding center, Hong Kong should be listed in Hong Kong and try to attract more companies from different locations and diverse backgrounds to expand their operations here, the finance chief said. Stated.
Noting that the Department of Health of the Hong Kong Special Administrative Region Government recently announced four new epidemic prevention measures, he also urged unvaccinated Hong Kong residents to be vaccinated as soon as possible to ensure normal social and social health. It urged us to maintain economic activity to the maximum while effectively maintaining it. Prevention and control of COVID-19.
