Yingong: It's hard to quantify the impact of trade wars on Hong Kong, but Hong Kong has enough capacity to withstand external shocks – Economic Link ET Net

"News Agency 13th Newsletter" President of the Shi Yingyin Bank Association today After the regular meeting, the US Federal Reserve will add once or twice the US dollar prime rate to 5%, which is in line with the best rate of Hong Kong interest. The hike in Hong Kong interest rates is therefore only a matter of time. Strong, there are several external factors to consider in Hong Kong, such as the liquidity of funds, bank funds, and the external environment.
It is difficult to raise interest rates, but it points out that the financial system is fairly stable. Reserve, there is enough capacity to resist
to Yu's external shock.
Faced with the warming of the Sino-US trade war, Hong Kong, as a Sino-US trading partner and exporting economy, will have a impact on Hong Kong's commercial, manufacturing and retail industries, but should not have a major impact. On the contrary, it depends on the psychological quality of the market, so that it is difficult to quantify the overall impact on
Hong Kong.
For the recent weakening of the renminbi, she said that the renminbi is a currency of bidirectional volatility, and believes that volatility continues, but at what level will the central bank make a policy, the market should be very attentive. In the case, she said that the response of the subscription was enthusiastic, but it was actually not until next week's recording that the situation was known. It
expects public and private institutions to work together to consolidate Hong Kong's position as an badet market in the Asia-Pacific region. (jo)