IMF Staff Country Reports

People's Republic of China-Hong Kong Special Administrative Region: 2011 Article IV Consultation Discussions

Publication Date:

December 8, 2011

Electronic Access:

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Summary:

The Executive Board of the IMF has concluded the consultation discussions with the Hong Kong Special Administrative Region (SAR). Hong Kong SAR has rebounded from the global financial crisis, and growth should be at 5¾ percent this year. Unemployment has fallen to low levels, and real incomes have grown, supporting consumption. It is noted that growth has rebounded thanks to the authorities’ policy response, highly flexible labor and product markets, and favorable spillovers from Mainland China. The progress on increasing trade settlement and issuing financial instruments denominated in renminbi has accelerated.

Series:

Country Report No. 2011/348

Subject:

Banking Credit Currencies Exchange rate arrangements Exchange rates Foreign exchange Land prices Money Prices

Frequency:

Monthly