2020-12-22 15:35:10 GMT2020-12-22 23:35:10(Beijing Time) Xinhua English
HONG KONG, Dec. 22 (Xinhua) Notwithstanding the challenges brought by the COVID-19 and the external environment over the past year, Hong Kong s banking system had remained robust, the Linked Exchange Rate System had been operating smoothly, and financial activities had stayed vibrant, said Eddie Yue, chief executive of the Hong Kong Monetary Authority (HKMA).
Yue made the comments while having annual meetings with the mainland financial regulators on Dec. 17, 21 and 22, which were held via video conference this year owing to the COVID-19 situation.
Yue led the delegation of Hong Kong Association of Banks (HKAB) to meet with Yi Gang, the governor of the People s Bank of China, Zhou Liang, vice chairman of the China Banking and Insurance Regulatory Commission and Fang Xinghai, vice chairman of the China Securities Regulatory Commission respectively to discuss the recent financial developments in Hong Ko
Hong Kong s banking, financial systems remain robust, vibrant: official - Xinhua
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you ve also seen readouts issued by the treasury department of conversations that secretary lew has had with chinese officials in recent weeks. most of those conversations have focussed on the shift in the exchange rate. and this is consistent with the case we have long made to china, that they should continue to pursue financial reform to increase exchange rate flexibility and to move rapidly toward a more market-determined exchange rate system. tonight, bill o reilly began the discussion of the subject by admitting that he, bill o reilly has no idea who the president of china is, and then bill o reilly treated donald trump as fox news china expert. why do you think the stock market s going down?
advocate for u.s. businesses that are looking to grow overseas because ultimately that creates a good economic opportunity here in the united states. but ultimately these are the kinds of decisions that chinese officials have to make and the message they hear consistently from the obama administration is one that is focused a lot of which is focused on the need for china to continue to pursue financial reform and to move rapidly toward a more market determined exchange rate system, but certainly improving transparency into their economy is something that we believe would be good for the global economy and also, you know, good for the economy in china as well. just as a quick follow-up, there s a report that china is in ternly talking about transparency, they have an internal force, army, whatever you want to call it, of about 2 million government workers who do nothing but monitor their own