IMF says Hong Kong’s financial system resilient to future shocks, cautions property valuations and deep China links as potential risks

The International Monetary Fund (IMF) said Hong Kong’s financial system remains resilient to future financial shocks and crises even after a challenging two years that saw the city’s economy experience its worst contraction on record.In its latest financial system stability assessment, the international organisation’s executive directors found the main vulnerabilities for the city’s economy related to sky-high real-estate valuation and exposures to shifts in global markets and domestic risk…

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