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Greater Bay Area

HKSAR government officials welcomed the positive comments of the IMF delegation

2022-01-21   

The International Monetary Fund (IMF) delegation issued a preliminary conclusion on the 20th that Hong Kong's sound institutional framework and effective policies and measures have promoted economic growth and maintained financial stability. Officials of the HKSAR government welcomed the delegation's positive comments on Hong Kong's economy, policies and measures, and said that they would continue to maintain high vigilance and pay close attention to the latest economic situation. The IMF delegation commended Hong Kong's strong economic recovery and the SAR government's efforts to maintain financial stability after completing the article IV Consultation and discussion of the Hong Kong Special Administrative Region in 2022; He affirmed Hong Kong's status as a major international financial center and praised the sound regulatory and regulatory framework of Hong Kong's financial industry. Chen maobo, financial secretary of the HKSAR government, said that the delegation agreed that Hong Kong had taken rapid and decisive policies and measures to make Hong Kong's economy recover strongly. Hong Kong will continue to maintain a high degree of vigilance and pay close attention to the latest economic situation, maintain financial stability and promote balanced, inclusive and sustainable economic growth. Yu Weiwen, President of the Hong Kong Monetary Authority, said that the linked exchange system is the cornerstone of maintaining Hong Kong's monetary and financial stability. In the face of global and market uncertainties, the linked exchange system will continue to show its earthquake resistance. In its preliminary summary, the delegation predicted that Hong Kong's real GDP would grow by 3.0% in 2022. The delegation stressed that Hong Kong's economic growth still has a lot of room for improvement, among which the favorable factors include the global economic recovery and a large number of business opportunities brought by the development of Guangdong, Hong Kong and Macao Bay area, which is conducive to Hong Kong's medium and long-term economic growth. At the same time, the delegation also predicted the short and medium-term risks that Hong Kong's economic growth may face. (Xinhua News Agency)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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