Global executives want to see a further easing of Hong Kong’s COVID-19 restrictions and it’s crucial for the China border to reopen so the financial hub can reconnect with the mainland, the head of the city’s de facto central bank told Reuters.
was prepared for worst-case scenario. “As with any other central bank, risk assessment and risk preparation is in our DNA. So we basically prepare for anything. Any worst case scenario … It’s like we stress test the banks, we stress test ourself as well,” he said.
aggregate balance – the key gauge of cash in the banking system – has fallen below HK$100 billion for the first time in two years after multiple interventions to sAt the business summit last week, Chinese regulators had made it clear that they valueKong for acting as a springboard to the mainland and were committed to supporting the city’s role as a financial centre, Yue said.… This role belongs to
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