03/08/2023
Amid challenging macro-financial conditions, the financial system has remained stable, supported by strong institutional frameworks, in particular high-quality financial sector oversight and substantial capital and liquidity buffers. The LERS continues to function smoothly, providing a solid anchor to the economy and the financial system, allowing the latter to perform its role as an international financial center. Financial linkages with Mainland China continue to deepen, including through the expansion of various Connect schemes, reinforcing Hong Kong SAR’s status as a key financial gateway vis-à-vis Mainland China.
