Hong Kong vows financial stability, regional cooperation

Hong Kong will continue to promote regional cooperation and maintain its financial stability and prosperity amid global challenges, Chief Executive John Lee Ka-chiu said during a meeting with International Monetary Fund managing director Kristalina Georgieva.

Attending the APEC meeting in Gyeongju, South Korea, Lee emphasized that Hong Kong, as the world's third-largest and Asia's top international financial center, boasts a robust financial system and the unique advantage of the "One Country, Two Systems" principle. 

He said the government will continue to consolidate and enhance Hong Kong's status as a global financial hub, leveraging its distinct role in connecting mainland China with the world.

Lee highlighted that Hong Kong actively embraces financial innovation, promotes digital asset development, issues green bonds, and supports the application of innovative technologies through its regulatory sandbox.

He further noted that Hong Kong's strengths lie in its proximity to the mainland and its global connectivity. He pledged to maintain the vitality of its international financial system, deeply integrate into the nation's development strategies, and expressed his anticipation for continued close collaboration with the IMF. 

Lee added that Hong Kong expects to contribute to regional and global economic prosperity through the city's financial stability and innovative drive.