The Hong Kong financial system remains robust – an interview with the Vice President of the Hong Kong Monetary Authority, Chan Wai-man.

In an interview with our reporter, Chan Wai-man, Vice President of the Hong Kong Monetary Authority, stated that currently, the Hong Kong financial system remains stable. First, the Hong Kong dollar's exchange rate is stable; second, deposits are steadily increasing; third, Forex reserves are substantial; fourth, banks have strong capital and ample liquidity. Since the USA initiated the 'tariff war,' the Hong Kong financial center has been progressing steadily and running smoothly. Chan introduced that the current exchange rate of the Hong Kong dollar is stable within the Range of 7.75 to 7.85 Hong Kong dollars to 1 US dollar. Hong Kong's Forex reserves are approximately 416 billion USD, which is about 1.6 times the amount of base currency. The banking sector has ample capital, with a capital adequacy ratio of 21.8%; liquidity is abundant, with a liquidity coverage ratio of 178.4%. (Economic Daily)