Stability remains Monetary Authority's top priority

The most important aspect of the Hong Kong Monetary Authority’s work is to maintain financial stability, says HKMA chief executive Eddie Yue Wai-man.

Speaking at the Legislative Council’s panel meeting for financial affairs, Yue urged caution on external volatility, citing trade wars and the United States' tariff policies.

He also highlighted that the city’s financial system has multiple buffers with great shock resistance, including over HK$4 trillion in foreign exchange reserves supporting the linked exchange rate system.

Yue reaffirmed his stance that the linked exchange rate system is the most suitable currency system for Hong Kong.

CICI CAO