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PBOC Governor Pan Gongsheng: Firmly safeguard Hong Kong's financial stability and financial security.
Jinse Finance reports that on July 7, People's Bank of China Governor Pan Gongsheng stated today at the "Hong Kong Fixed Income and Currency Summit and Bond Connect Forum" that the People's Bank of China will cooperate with the Hong Kong SAR government and financial regulatory authorities to focus on four key directions in the next step, continuing to build, consolidate, and develop Hong Kong as an international financial center.
One of these directions is to firmly safeguard Hong Kong's financial stability and financial security.
Pan Gongsheng stated that financial security is the cornerstone of Hong Kong's long-term prosperity and development as an international financial center.
Over the years, with strong national support, Hong Kong has successfully weathered the Asian financial crisis of the late 1990s and the 2008 international financial crisis, accumulating rich experience in preventing and defusing external shock risks.
Pan Gongsheng stated that China's current economic and financial strength is greater, with its foreign exchange reserve scale firmly ranking first in the world.
It will continue to provide full support and guarantees for Hong Kong to deepen financial reform and development and maintain financial stability and security.