HKs Economic Security Aids National Security: FS

Financial Secretary Paul Chan said on Sunday that Hong Kong has played its part in defending national security by strengthening economic security.

He said this included maintaining a good economic system and ensuring safe market development.

Writing on his official blog following Friday's National Security Education Day, Chan said Hong Kong’s financial market had been able to absorb volatility triggered by external factors, and that its banks had passed various stress tests.

He stressed Hong Kong faces a complicated, challenging and ever-changing external environment, noting that markets have lately been more fragile and volatile because of the quantitative easing adopted by many central banks across the world.

The minister also said he expected the local economy to rebound from the negative growth recorded in the first quarter of the year, so long as Hong Kong continues to head towards eliminating Covid-19 infections.