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

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

4.11 - 1251 ratings - Source

This paper evaluates key findings of the Financial System Stability Assessment for Hong Kong Special Administrative Region (SAR), including Reports on the Observance of Standards and Codes on Banking Supervision, Securities Regulation, Insurance Supervision, Payment Systems, Securities Settlement Systems, Monetary and Financial Policy Transparency, and Corporate Governance. Overall, the financial system in Hong Kong SAR is resilient, sound, and overseen by a comprehensive supervisory framework. The banking system is sufficiently well capitalized and profitable to be able to withstand the more likely macroeconomic shocks, although some pressures on bank profits are emerging.Participants open accounts at the HKMA and are licensed banks (required to be members) and restricted licensed banks (they have to apply ... Standard Chartered Bank, or Bank of China (Hong Kong). ... The remaining 15 percent are spread across the various retail payments instruments but mostly credit cards and checks.

Title:People's Republic of China—Hong Kong Special Administrative Region
Author: International Monetary Fund
Publisher:International Monetary Fund - 2003-06-27

You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.

Once you have finished the sign-up process, you will be redirected to your download Book page.

How it works:
  • 1. Register a free 1 month Trial Account.
  • 2. Download as many books as you like (Personal use)
  • 3. Cancel the membership at any time if not satisfied.

Click button below to register and download Ebook
Privacy Policy | Contact | DMCA