HK capital market key to health

Hong Kong's capital market plays a crucial role in solving the city's problems in finances, real estate and consumption, says Qi Bin, deputy director of the central government's liaison office in the city.

Speaking at the forum, he said it is essential to strengthen the capital market and enhance the city's status as an international financial center.

He said funds have flowed back into Hong Kong stocks and stressed the need to closely monitor market risks, track changes in US Federal Reserve's monetary policy, and assess geopolitical risks.

He also called for more foreign exchange reserves and social security and international pension funds to enhance market stability and hedge against risks.

Staff reporter