The coronavirus has severely disrupted certain sectors of Hong Kong’s economy, particularly hospitality and retail. Photo: Sun YeungThe coronavirus has severely disrupted certain sectors of Hong Kong’s economy, particularly hospitality and retail. Photo: Sun Yeung
The coronavirus has severely disrupted certain sectors of Hong Kong’s economy, particularly hospitality and retail. Photo: Sun Yeung

Financial system remains steady despite ‘shocks’ of coronavirus, protests, says Hong Kong Monetary Authority, even as currency takes a tumble

  • The banking system has been ‘operating normally and is capable of resisting shocks’ says head of the city’s de facto central bank
  • Hong Kong dollar has slid because of a lack of IPOs amid health crisis, but there is no sign of capital outflow as deposits remain stable

Topic |   Hong Kong Monetary Authority (HKMA)
The coronavirus has severely disrupted certain sectors of Hong Kong’s economy, particularly hospitality and retail. Photo: Sun YeungThe coronavirus has severely disrupted certain sectors of Hong Kong’s economy, particularly hospitality and retail. Photo: Sun Yeung
The coronavirus has severely disrupted certain sectors of Hong Kong’s economy, particularly hospitality and retail. Photo: Sun Yeung
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