People’s Republic of China—Hong Kong Special Administrative Region: Financial System Stability Assessment-Press Release and Statement by the Executive Director for the People’s Republic of China—Hong Kong Special Administrative Region

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Publisher : International Monetary Fund
ISBN 13 : 1513573101
Total Pages : 66 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis People’s Republic of China—Hong Kong Special Administrative Region: Financial System Stability Assessment-Press Release and Statement by the Executive Director for the People’s Republic of China—Hong Kong Special Administrative Region by : International Monetary

Download or read book People’s Republic of China—Hong Kong Special Administrative Region: Financial System Stability Assessment-Press Release and Statement by the Executive Director for the People’s Republic of China—Hong Kong Special Administrative Region written by International Monetary and published by International Monetary Fund. This book was released on 2021-06-08 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main macro-financial risks relate to extensive linkages to Mainland China, stretched real estate valuations, and exposure to shifts in global market and domestic risk sentiment, compounded by escalating U.S.-China tensions. Stress tests show that the financial system is resilient to severe macro-financial shocks, but there are pockets of vulnerabilities in foreign bank branches, investment funds, households, and nonfinancial corporates. Hong Kong SAR’s financial sector is also exposed to physical and transition risks from climate change.

People's Republic of China-Hong Kong Special Administrative Region

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Publisher : International Monetary Fund
ISBN 13 : 1513524623
Total Pages : 89 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis People's Republic of China-Hong Kong Special Administrative Region by : International Monetary Fund. Asia and Pacific Dept

Download or read book People's Republic of China-Hong Kong Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2019-12-30 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation with People’s Republic of China—Hong Kong Special Administrative Region (SAR) discusses that the economy is projected to start recovering next year, but the pace is expected to be gradual and both near- and medium-term risks have increased significantly, including from trade and technology tensions, ongoing social unrest, and structural challenges of insufficient housing supply and high income inequality. Hong Kong SAR is well placed to address both cyclical and structural challenges with its significant buffers thanks to its long history of prudent macroeconomic policies. Given that the fiscal framework permits deficits during economic downturns, government spending should be increased significantly in the areas of social safety nets, education/retraining, and infrastructure to cope with the cyclical downturn and address structural challenges of insufficient housing and high-income inequality. This should be complemented with measures to ensure fiscal sustainability and greater equity.

People's Republic of China-Hong Kong Special Administrative Region

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484338340
Total Pages : 77 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis People's Republic of China-Hong Kong Special Administrative Region by : International Monetary Fund

Download or read book People's Republic of China-Hong Kong Special Administrative Region written by International Monetary Fund and published by International Monetary Fund. This book was released on 2018-01-22 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2017 Article IV Consultation highlights that economic activity in Hong Kong Special Administrative Region has gained momentum since the second half of 2016 amid robust domestic demand and recovering external demand. Growth is projected to have risen by 3.7 percent in 2017, up from 2 percent in 2016. The strong growth momentum is expected to continue in the near term with annual growth of 2.8 percent in 2018. Consumption is projected to continue to be supported by a tight labor market and investment is expected to remain strong, with major infrastructure and housing projects in the pipeline. The economy is expected to continue to grow at about 3 percent over the medium term, close to its potential.

People’s Republic of China—Hong Kong Special Administrative Region

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Publisher : International Monetary Fund
ISBN 13 : 1498303838
Total Pages : 70 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis People’s Republic of China—Hong Kong Special Administrative Region by : International Monetary Fund. Asia and Pacific Dept

Download or read book People’s Republic of China—Hong Kong Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2016-01-19 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that the growth of Hong Kong Special Administrative Region is expected at 2.25 percent in 2015, with domestic demand acting as the principal source of momentum. Growth is likely to pick up modestly to 2.5 percent in 2016, with a smaller drag from external demand reinforcing resilient domestic demand. Inflation has declined and is expected to remain below 3 percent in 2015–16 on softer commodity prices. The current account has dropped to about 2.5 percent of GDP, but is projected to improve to about 3.5 percent over the medium term as the global economy recovers.

People's Republic of China-Hong Kong Special Administrative Region

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Publisher : International Monetary Fund
ISBN 13 : 1513525476
Total Pages : 89 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis People's Republic of China-Hong Kong Special Administrative Region by : International Monetary Fund. Asia and Pacific Dept

Download or read book People's Republic of China-Hong Kong Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2019-12-31 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation with People’s Republic of China—Hong Kong Special Administrative Region (SAR) discusses that the economy is projected to start recovering next year, but the pace is expected to be gradual and both near- and medium-term risks have increased significantly, including from trade and technology tensions, ongoing social unrest, and structural challenges of insufficient housing supply and high income inequality. Hong Kong SAR is well placed to address both cyclical and structural challenges with its significant buffers thanks to its long history of prudent macroeconomic policies. Given that the fiscal framework permits deficits during economic downturns, government spending should be increased significantly in the areas of social safety nets, education/retraining, and infrastructure to cope with the cyclical downturn and address structural challenges of insufficient housing and high-income inequality. This should be complemented with measures to ensure fiscal sustainability and greater equity.

People's Republic of China-Hong Kong Special Administrative Region

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484338383
Total Pages : 77 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis People's Republic of China-Hong Kong Special Administrative Region by : International Monetary Fund

Download or read book People's Republic of China-Hong Kong Special Administrative Region written by International Monetary Fund and published by International Monetary Fund. This book was released on 2018-01-23 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2017 Article IV Consultation highlights that economic activity in Hong Kong Special Administrative Region has gained momentum since the second half of 2016 amid robust domestic demand and recovering external demand. Growth is projected to have risen by 3.7 percent in 2017, up from 2 percent in 2016. The strong growth momentum is expected to continue in the near term with annual growth of 2.8 percent in 2018. Consumption is projected to continue to be supported by a tight labor market and investment is expected to remain strong, with major infrastructure and housing projects in the pipeline. The economy is expected to continue to grow at about 3 percent over the medium term, close to its potential.

People's Republic of China–Macao Special Administrative Region: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Macao SAR

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Publisher : International Monetary Fund
ISBN 13 : 1498309968
Total Pages : 57 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis People's Republic of China–Macao Special Administrative Region: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Macao SAR by : International Monetary Fund. Asia and Pacific Dept

Download or read book People's Republic of China–Macao Special Administrative Region: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Macao SAR written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2014-07-24 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY MESSAGES Setting. Discussions took place for the first time since the handover of Macao SAR from Portugal to China in 1999. Prudent macroeconomic management has underpinned rapid development in the territory, which is now the world’s largest gaming center. As a small, open and tourism-dependent economy, Macao SAR is currently also benefiting from loose global monetary conditions and a Mainland-related boom. Outlook and risks. Growth should stay strong over the next few years at 8–10 percent buoyed by gaming exports and investment, with inflation remaining around 5–5½ percent. However, the economy is vulnerable to external shocks, in particular a slowdown in tourism, due to shocks in the Mainland or Hong Kong SAR or other setbacks to the global recovery. The buoyant property market could also correct if demand fundamentals shift or interest rates rise abruptly with the withdrawal of unconventional monetary policy abroad. Macroeconomic policies. The policy stance is appropriate, with scope for further tightening of macroprudential policies should property prices continue to rise sharply. If downside risks materialize, targeted fiscal stimulus should be used to buttress growth. In the event of a severe property downturn, some countervailing measures could be cautiously unwound. The currency board is the best arrangement for Macao SAR. Financial stability. Important progress has been made in strengthening financial stability in line with the 2011 FSAP recommendations. Prudential measures should focus on managing potential credit and liquidity risks from a gaming slowdown and the property sector, as well as spillovers from shocks in the Mainland and Hong Kong SAR. Longer term challenges. Looking further ahead, Macao SAR’s public finances face a moderation in gaming revenues juxtaposed against spending needs from population aging. A sovereign wealth fund to manage part of the territory’s fiscal reserves and medium-term budgeting could therefore be useful. As the gaming sector matures, economic diversification toward other services will be key for stable growth.

Routledge Handbook of Banking and Finance in Asia

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Publisher : Routledge
ISBN 13 : 1134862075
Total Pages : 534 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis Routledge Handbook of Banking and Finance in Asia by : Ulrich Volz

Download or read book Routledge Handbook of Banking and Finance in Asia written by Ulrich Volz and published by Routledge. This book was released on 2018-10-26 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of Banking and Finance in Asia brings together leading scholars, policymakers, and practitioners to provide a comprehensive and cutting-edge guide to Asia’s financial institutions, markets, and systems. Part I provides a country-by-country overview of banking and finance in East, Southeast, and South Asia, including examples from China, Japan, Hong Kong, India, and Singapore. Part II contains thematic chapters, covering topics such as commercial banking, development banking, infrastructure finance, stock markets, insurance, and sovereign wealth funds. It also includes examinations of banking regulation and supervision, and analyses of macroprudential regulation, capital flow management measures, and monetary policy. Finally, it provides new insights into topical issues such as SME, green, and Islamic finance. This handbook is an essential resource for scholars and students of Asian economics and finance and for professionals working in financial markets in Asia.

People’s Republic of China—Macao Special Administrative Region

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Publisher : International Monetary Fund
ISBN 13 : 1498313361
Total Pages : 67 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis People’s Republic of China—Macao Special Administrative Region by : International Monetary Fund. Asia and Pacific Dept

Download or read book People’s Republic of China—Macao Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2019-05-06 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation highlights that while more moderate than in the past, gaming and tourism revenue in Macao Special Administrative Region picked up as the economy returned to expansion since mid-2016. Progress with diversification towards mass-gaming and nongaming tourism, together with the continued China gaming monopoly, are expected to deliver growth of around 4 percent in the medium term. Risks are tilted to the downside, mainly emanating from Mainland China. Prudent macroeconomic policies and high reserves provide strong buffers against shocks. In addition to supporting diversification, fulfilling social needs, and maintaining macroeconomic stability, the policies priorities explained in the report will reduce external imbalances. The report also discusses that the current housing macroprudential stance and related fiscal measures appear broadly appropriate. A broader set of policies are advised to support housing affordability, where continued efforts to boost housing supply will be key.

People's Republic of China

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484314727
Total Pages : 77 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis People's Republic of China by : International Monetary Fund. Asia and Pacific Dept

Download or read book People's Republic of China written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2017-08-15 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper examines the drivers and prospects for high levels of savings in China. China has one of the highest levels of national savings in the world, which is at the heart of its external and internal imbalances. High and rising household savings have mainly resulted from demographic changes as a result of the one-child policy and the breakdown of the social safety net during the transition from a planned to a market economy. Demographic changes will put downward pressure on national savings. Policy efforts to strengthen the social safety net and reduce income inequality are also needed to reduce savings further and faster and to boost consumption.

People's Republic of China-Hong Kong Special Administrative Region

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (132 download)

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Book Synopsis People's Republic of China-Hong Kong Special Administrative Region by :

Download or read book People's Republic of China-Hong Kong Special Administrative Region written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Republic of Korea

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Publisher : International Monetary Fund
ISBN 13 : 1513541439
Total Pages : 65 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Republic of Korea by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Republic of Korea written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2020-04-20 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents Financial System Stability Assessment (FSSA) with the Republic of Korea. The Korean authorities have continued their efforts at upgrading the prudential, legal, and supervisory framework for the financial sector, and keeping up with international standards and practices in other G20 jurisdictions. The authorities have been strengthening the system with micro and macroprudential measures against vulnerabilities, strengthening the crisis management framework, and upgrading the prudential and legal framework. The FSSA suggests moving toward a more forward-looking monitoring and systemic risk identification mechanism. The reliability of various stress tests could be augmented with advanced methods, system-wide monitoring, and testing the overall leverage related to residential properties, households’ resilience to adverse shocks, and sovereign contingent liabilities. Stronger focus is required on systemic risks emanating from securities market activities that can amplify contagion, including sudden redemption and liquidity pressures in the funds and asset management industry.

Singapore

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Publisher : International Monetary Fund
ISBN 13 : 1498326129
Total Pages : 65 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Singapore by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Singapore written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-07-15 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Singapore is a small and very open economy and a major financial center. The financial system is highly integrated into international financial markets and serves as an important regional financial hub. After a period of subdued economic activity, growth accelerated in 2017–18, but is expected to moderate in 2019. To strengthen long-term growth prospects, amid population aging, the government is pursuing a strategy to transform the economy by harnessing emerging digital technologies. In the financial services area, this strategy has put Singapore at the forefront in fintech.

Philippines

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Publisher : International Monetary Fund
ISBN 13 : 1513576763
Total Pages : 71 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Philippines by : International Monetary

Download or read book Philippines written by International Monetary and published by International Monetary Fund. This book was released on 2021-04-09 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: GDP contracted by 91⁄2 percent in 2020—a much steeper decline than during the Asian Financial Crisis (AFC)—but it is now recovering with the easing of containment measures and economic policy support. Banks are closely connected to the corporate sector through high credit exposures and conglomerate ownership linkages. The Financial Action Task Force (FATF) may list the Philippines as a jurisdiction with serious Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) deficiencies in 2021. The country is also vulnerable to climate change (physical) risks, especially the destruction of physical capital from typhoons.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

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Publisher : International Monetary Fund
ISBN 13 : 1589063953
Total Pages : 35 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by : El Bachir Boukherouaa

Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Report of the Select Committee on U.S. National Security and Military/Commercial Concerns with the People's Republic of China

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Publisher :
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Report of the Select Committee on U.S. National Security and Military/Commercial Concerns with the People's Republic of China by : United States. Congress. House. Select Committee on U.S. National Security and Military/Commercial Concerns with the People's Republic of China

Download or read book Report of the Select Committee on U.S. National Security and Military/Commercial Concerns with the People's Republic of China written by United States. Congress. House. Select Committee on U.S. National Security and Military/Commercial Concerns with the People's Republic of China and published by . This book was released on 1999 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transmittal letter.

People’s Republic of China

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Publisher : International Monetary Fund
ISBN 13 : 1498320686
Total Pages : 246 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis People’s Republic of China by : International Monetary Fund. Legal Dept.

Download or read book People’s Republic of China written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2019-06-21 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a summary of the anti-money laundering/combating the financing of terrorism (AML/CFT) measures in place in the People’s Republic of China (China)1 as at the date of the onsite visit (July 9–27, 2018). It analyzes the level of compliance with the Financial Action Task Force (FATF) 40 Recommendations and the level of effectiveness of China’s AML/CFT system and provides recommendations on how the system could be strengthened. China has undertaken a number of initiatives since 2002 that have contributed positively to its understanding of ML/TF risk, although some important gaps remain. Its framework for domestic AML/CFT cooperation and coordination is well established.