Hong Kong Monetary Authority: Hong Kong financial market is smooth and stable

On the 25th, Vice President of the Hong Kong Monetary Authority, Chen Weimin, stated in a themed interview event "Opportunities in the Greater Bay Area", "Opportunities in Hong Kong", and "Opportunities in Macao" that recent global financial markets have experienced significant volatility due to the impact of U.S. tariff measures, but the overall Hong Kong financial market remains stable. Chen pointed out that the liquidity in the Hong Kong dollar money market is good and sufficient; while the stock market has experienced fluctuations, overall trading is orderly with many overseas funds re-entering the Hong Kong market. The banking system operates smoothly with ample liquidity and capital reserves; foreign exchange reserves are approximately 416 billion U.S. dollars, indicating ample reserves; there are no abnormal situations in various derivative markets, and various financing activities continue as usual. Despite the limited impact of global trade frictions on the short-term Hong Kong financial market, he emphasized the need to closely monitor long-term impacts. Facing challenges in future trade, supply chains, and the real economy, the Hong Kong financial industry should leverage its strengths to provide relevant support such as financing and seek new opportunities amidst challenges.