Yu Weiwen: Hong Kong's financial system is sufficient to deal with various challenges and maintain monetary and financial stability.

date
06/05/2025
According to the Chitong Finance APP, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, stated during a meeting of the Legislative Council's Finance Committee that the US tariff war has increased the global economic downside risks, and there is uncertainty in US interest rate trends, which may continue to cause market volatility and heightened risk aversion. However, he emphasized that the Hong Kong financial system has the capacity to deal with various challenges and various policies will provide support for the Hong Kong economy. The Hong Kong Monetary Authority will work with other financial regulatory authorities to maintain the stability of Hong Kong's currency and finance.
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