Yu Weiwen: Financial market continues to operate smoothly, Hong Kong economy remains resilient.
Hong Kong Monetary Authority Chief Executive Eddie Yue stated at a meeting of the Financial Affairs Committee that the conflict in the Middle East has pushed up energy prices, adding uncertainty to the global economic and interest rate outlook. Despite significant volatility in global markets, Hong Kong's foreign exchange and currency markets continue to operate smoothly.
The Chief Executive of the Hong Kong Monetary Authority, Eddie Yue, stated during a meeting of the Financial Affairs Committee that the Hong Kong financial market continues to operate smoothly. The Middle East conflict has caused a surge in energy prices, adding uncertainty to the global economic and interest rate outlook. Despite significant volatility in the global markets, Hong Kong's foreign exchange and money markets continue to operate smoothly. Eddie Yue pointed out that the Hong Kong economy remains resilient, with improvements in domestic and external demand, as well as asset market trends. The Monetary Authority will continue to work with other regulatory agencies to ensure financial security and stability. The Monetary Authority will actively participate in the government's first "Five-Year Plan" regarding financial planning.
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