In a dynamic display of resilience, Hong Kong's financial system is holding strong despite the ongoing US trade war turmoil. Darryl Chan, deputy chief executive of the Hong Kong Monetary Authority, noted that while the global trade conflict has created significant market volatility, Hong Kong’s financial markets remain orderly and well-functioning.
As a highly open market, Hong Kong continues to see ample liquidity. The Hong Kong dollar is even experiencing a slight boost as funds seek safe havens, and trading in the stock market, though it faces periodic fluctuations, remains steady. The HKMA is keeping a close watch on the financial derivatives market, and so far, no irregularities have been detected. Meanwhile, the banking system operates smoothly, reinforcing confidence in the region's financial robustness.
This stability serves as a beacon of hope amid uncertainty. Stay tuned for more updates from the vibrant heart of Asia! 🚀💼
Reference(s):
Hong Kong financial system operating smoothly amid US tariff turmoil
cgtn.com
