People’s Republic of China: Hong Kong Special Administrative Region: 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
February 4, 2008
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Hong Kong has grown strongly as a result of its successful transformation from a manufacturing presence to a services hub over past decades. Executive Directors support the government’s commitment for the Linked Exchange Rate System. Hong Kong’s future as a financial center is linked to its expanding role in mainland intermediation. Although the current fiscal stance is appropriate, some fiscal reforms remain pending. The government is aware of the central importance of Hong Kong’s traditional strengths to its ongoing success.
Subject: Balance of payments, Capital account, Current account, Current account surpluses, Foreign exchange, Income, National accounts, Real exchange rates
Keywords: article IV consultation, Capital account, CR, Current account, Current account surpluses, discussion, Europe, Executive Board discussion, Global, Hong Kong dollar, Hong Kong SAR, IMF Executive Board, IMF staff estimate, Income, ISCR, market flexibility, Real exchange rates
Pages:
35
Volume:
2008
DOI:
Issue:
044
Series:
Country Report No. 2008/044
Stock No:
1HKGEA2008002
ISBN:
9781451816983
ISSN:
1934-7685
