Hong Kong Island’s skyline shrouded in clouds on 6 June 2022. Photo: EPA-EFE
Hong Kong Island’s skyline shrouded in clouds on 6 June 2022. Photo: EPA-EFE

Global capital flows and geopolitical risks are Hong Kong’s biggest challenges for the next few years, city’s de facto central banker says

  • The HKMA sits on the world’s seventh-largest foreign-currency reserves, a financial war chest that quintupled over 25 years to US$460 billion at the end of May
  • The stock market’s value grew eightfold since 1997, while bond issuance ballooned by 20 times to US$400 billion in 2021

Hong Kong Island’s skyline shrouded in clouds on 6 June 2022. Photo: EPA-EFE
Hong Kong Island’s skyline shrouded in clouds on 6 June 2022. Photo: EPA-EFE
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