Please use a Javascript-enabled browser. 090514en03005
news.gov.hk  
 From Hong Kong's Information Services Department
*
May 14, 2009
*
*
Banking
*
HK financial system robust: Joseph Yam
*
Monetary Authority

Monetary Authority Chief Executive Joseph Yam says although Hong Kong now has to factor in the possibility of an outbreak of H1N1 Influenza, the city's monetary and financial systems are robust and ranking very high internationally.

 

In his weekly Viewpoint column published on the authority's website today, Mr Yam said the stress tests the authority has been conducting have confirmed the systems' stability, adding it has well-established contingency arrangements to support the systems if necessary.

 

"We will continue to do our best to safeguard stability and I hope we have the continued support of the community in this complex and challenging task."