HKMA To Study Chinese Financial Markets

by Mary Swire, Tax-News.com, Hong Kong

09 March 2007

The Hong Kong Monetary Authority has launched a dedicated research series which provides detailed analysis of economic and financial-market issues on the Mainland.

The authority's chief executive, Joseph Yam says that the study, called 'China Economic Issues,' shows the authority has strengthened its monitoring and research of the Mainland economy.

In his weekly column, Viewpoint, Mr Yam suggested that with closer economic and financial integration between Hong Kong and the Mainland, there is increasing recognition that developments in the Mainland economy have important implications for Hong Kong's economic well-being and financial stability, and for its role as an international financial centre.

"In analysing the important economic, monetary and financial developments in the Mainland economy, the new publication focuses on their implications for Hong Kong. How will these developments affect Hong Kong's economic growth? What are the implications for financial stability in Hong Kong? What should be Hong Kong's strategies and policies to strengthen our position as China's international financial centre?" he asked.

Yam added that he hoped the publication would become useful reference material for Mainland researchers and observers.

"Like research papers prepared by other central banks, China Economic Issues reports do not necessarily represent the HKMA's views, and the views expressed in the papers are those of the authors," he noted.

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