Financial news
Written by: Yue Yueting
2019-11-28 12:50
Last updated: 2019-11-28 12:51In an interview with Bloomberg Television, Li Dazhi, vice president of the Hong Kong Monetary Authority, said that the United States officially signed the "Hong Kong Bill of Rights and Democracy". This news is not welcome in the financial market, but the market is currently responding calmly. And market practitioners feel that the direct impact of the bill is not significant.
The demonstrations caused by the amendment of the Fugitive Offenders Ordinance continued for many months. Li Dazhi revealed that social instability had not caused capital outflows and bank profits were still satisfactory. He also pointed out that the authorities were watching whether more measures would be introduced to the economy.
He also pointed out that the HKMA has confidence in the linked exchange rate system, which can help Hong Kong survive the challenges of different cycles and periods, and it is not necessary to change the system for the time being.
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Hong Kong Human Rights and Democracy Act Fugitive Offenders Ordinance Monetary Authority