IMF Staff Country Reports

People’s Republic of China–Hong Kong Special Administrative Region: Financial Sector Assessment Program-Technical Note-Stress Testing the Banking Sector and Systemic Risk Analysis

June 15, 2021

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Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "People’s Republic of China–Hong Kong Special Administrative Region: Financial Sector Assessment Program-Technical Note-Stress Testing the Banking Sector and Systemic Risk Analysis", IMF Staff Country Reports 2021, 114 (2021), accessed 12/5/2025, https://doi.org/10.5089/9781513573250.002

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Summary

Hong Kong SAR (HKSAR) is a small and open economy, and a major international financial center with extensive linkages to Mainland China. Over the past two years, Hong Kong SAR’s economy and financial sector were adversely impacted by domestic social unrest, US-China tensions, and the global COVID-19 pandemic, resulting in an unprecedented two consecutive years of negative economic growth.

Subject: Asset and liability management, Commercial banks, Financial institutions, Financial regulation and supervision, International organization, Liquidity, Liquidity risk, Loans, Monetary policy, Mortgages

Keywords: bank solvency St result, bank solvency stress, Commercial banks, Global, HKSAR banking system, HKSAR GDP growth scenario, incorporated bank, Liquidity, Liquidity risk, Loans, Mortgages, solvency ANALYSIS