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HKMA Eddie Yue: European, US Investors Regain Confidence in HK, of which 2025 Dynamic Looks Promising
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Eddie Yue, Chief Executive at Hong Kong Monetary Authority (HKMA), said in a radio program that financial institutions and investors in Europe and the United States have over the past year changed their perceptions of the Mainland and Hong Kong and have regained their confidence. He revealed that no one has asked about Article 23 of the Basic Law in particular, but rather they are concerned about the economic development of the Mainland, and would like to understand how Hong Kong, as a bridge between the Mainland and the international community, can identify more opportunities for overseas investors. The overall development of Hong Kong's financial system was decent in 2024, Yue said. With the orderly development of the money market, there was a 7% rise in bank deposits and a 21% capital adequacy ratio for banks in Hong Kong. Given the introduction by the Chinese government of a series of policies and measures to support the economy in September 2024, coupled with a number of leading mainland enterprises settling in Hong Kong, Yue believed that the dynamic for 2025 will be promising. AAStocks Financial News |
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