Rising to challenges, Hong Kong stays as key financial hub with emerging opportunities

Beijing Review | Jun 20, 2022 at 2:00 AM
  • Despite challenges brought about by the COVID-19 pandemic and external uncertainties, Hong Kong remains a leading financial center in the world.
  • Since Hong Kong’s return to the motherland in 1997, its financial market has evolved both in scale and openness.
  • The banking system also maintains low risk, with capital adequacy ratio of banks averaging at over 20 percent, while the ratio of non-performing loans stood less than 1 percent, indicating lower risks than some major financial markets in the world, Yue noted.