An official of China's Hong Kong Special Administrative Region (HKSAR) government said Saturday that Hong Kong's financial markets have remained vibrant and orderly despite impacts from social disturbances and the COVID-19 epidemic.
Hong Kong has seen a strong local currency, a capital inflow of over 11 billion U.S. dollars into the banking system since June, rising bank deposits, increasing IPO activities, and robust stock trading, Secretary for Financial Services and Treasury Christopher Hui said.
He made the remarks during an online seminar with businessmen of the HKSAR and Canada.
"A powerful combination of factors, including its prime location, rule of law, high-speed communications, free flow of information and capital, low and simple tax system, continue to make Hong Kong a leading international financial center," he said, noting that Hong Kong's fundamental strengths remain intact.
Hui encouraged Canadian enterprises to tap on Hong Kong's financial strengths in asset and wealth management and offshore renminbi business to expand and invest in the Guangdong-Hong Kong-Macao Greater Bay Area.
