Imagine a city where the world's investors tune in around the clock. That's Hong Kong – one of the globe's most open financial markets. With the U.S. reigniting tariffs, many expected volatility, but so far, the city's markets are holding firm.
Darryl Chan, Deputy Chief Executive of the Hong Kong Monetary Authority (HKMA), notes that although a trade war brings short-term swings, core functions like liquidity, credit flows, and interbank lending remain healthy. "Markets are functioning normally," he says, emphasizing resilience in the face of external shocks.
Why it matters: Hong Kong's stability supports entrepreneurs seeking funding, tech firms expanding across Asia, and global investors tracking emerging-market trends. For digital nomads and young global citizens, a steady market means smoother access to capital, whether you're launching a startup or booking your next adventure.
Looking ahead, Chan warns that prolonged tariffs could weigh on global trade and economic growth. But for now, Hong Kong's financial system is navigating choppy waters with confidence – keeping the city's open-market edge alive.
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HK's financial system is operating smoothly amid U.S. tariffs turmoil
cgtn.com
