The Zhitong Finance App learned that the international rating agency Fitch announced that it confirmed the “AA+” rating for Hong Kong's long-term credit, and that the outlook is “stable.”

According to Fitch, Hong Kong has strong public and external finances, a reliable policy framework, high income levels, and a resilient and flexible economic system to support ratings.

Fitch expects Hong Kong's economic growth to remain 3.4% this year, but it will slow to 2.4% next year. Fitch also said that property prices in Hong Kong are at record highs, but interest rates will rise as US interest rates normalize. Borrowing costs will increase, and the property market may enter a downward cycle, but since 2010, banks have adopted strict mortgage lending measures, which it believes will help mitigate the risks faced by the banking industry.