People S Republic Of China Hong Kong Special Administrative Region


People S Republic Of China Hong Kong Special Administrative Region
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People S Republic Of China Hong Kong Special Administrative Region


People S Republic Of China Hong Kong Special Administrative Region
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2018-01-22

People S Republic Of China Hong Kong Special Administrative Region written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-22 with Business & Economics categories.


This Selected Issues paper examines medium-term fiscal prospects and policy recommendations for Hong Kong Special Administrative Region (SAR). Hong Kong SAR’s fiscal framework has worked well over the last 20 years but challenges have emerged that will strain the fiscal position in the medium to long term. Consequently, while fiscal space is ample currently, it could become gradually constrained over time. The fiscal rule should be implemented flexibly and revenue mobilization needs to be considered down the road. On the expenditure side, containment will be hard, given rapid aging and still high inequality. The challenge will be to maintain investment and boost land supply while increasing social spending to guarantee that those who need support are effectively protected.



People S Republic Of China Hong Kong Special Administrative Region


People S Republic Of China Hong Kong Special Administrative Region
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2007-01-08

People S Republic Of China Hong Kong Special Administrative Region written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-08 with Business & Economics categories.


This Selected Issues paper reviews medium-term fiscal challenges for Hong Kong Special Administrative Region (Hong Kong SAR). It focuses on key considerations that need to be evaluated when formulating a medium-term reserves policy in the face of fiscal challenges, such as accommodating future spending pressures and revenue fluctuations. The broad conclusion of the paper is that fiscal reserves will likely remain an important feature of future fiscal policy. The paper also discusses more general aspects of Hong Kong SAR’s economy’s competitiveness, and the outlook for Hong Kong SAR’s financial center.



People S Republic Of China Hong Kong Special Administrative Region


People S Republic Of China Hong Kong Special Administrative Region
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Author : Aasim M. Husain
language : en
Publisher:
Release Date : 1999

People S Republic Of China Hong Kong Special Administrative Region written by Aasim M. Husain and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Finance, Public categories.




People S Republic Of China Hong Kong Special Administrative Region


People S Republic Of China Hong Kong Special Administrative Region
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Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2019-01-24

People S Republic Of China Hong Kong Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-24 with Business & Economics categories.


This Selected Issues paper discusses income inequality in Hong Kong Special Administrative Region (SAR). Income inequality in Hong Kong SAR remains high, despite declining recently. Redistributive policies implemented by the authorities have helped to lower income inequality. However, inequality is likely to rise in the medium-term due to aging and thus more needs to be done. A package of policies could lower the Gini index by 3–4 points by 2050 including: more progressive salaries tax; higher reliance on recurrent property taxes; and increased public expenditure on social welfare, health, housing, education and childcare. According to recent evidence in the literature, these policies could also boost growth by 0.2–0.5 percentage points per year. Public spending on social welfare could continue to be raised to boost redistribution and increase access of poorer households. Spending on education and childcare should be raised to help lower the market income inequality directly. The commissioned study aiming to determine the demand and supply for childcare services and map out the long-term service development programs, as well as the initiatives mentioned in the 2018 Policy Address, should help in this regard.



People S Republic Of China Hong Kong Special Administrative Region


People S Republic Of China Hong Kong Special Administrative Region
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Author : International Monetary Fund. Monetary and Capital Markets Department
language : en
Publisher: International Monetary Fund
Release Date : 2014-05-22

People S Republic Of China Hong Kong Special Administrative Region written by International Monetary Fund. Monetary and Capital Markets Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-22 with Business & Economics categories.


This paper discusses key findings of the Report on the Observance of Standards and Codes for Hong Kong Special Administrative Region (HKSAR). HKSAR has a very high level of compliance with the Basel Core Principles for Effective Banking Supervision. The Hong Kong Monetary Authority (HKMA) complements its high supervisory standards with a sustained commitment to the international regulatory reform agenda where it is an early adopter of many standards. The banking system is characterized by the dominant presence of institutions with foreign ownership, including the systemic banks, which puts a premium on the HKMA’s role as a host supervisory authority.



People S Republic Of China Hong Kong Special Administrative Region


People S Republic Of China Hong Kong Special Administrative Region
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2018-01-23

People S Republic Of China Hong Kong Special Administrative Region written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-23 with Business & Economics categories.


This 2017 Article IV Consultation highlights that economic activity in Hong Kong Special Administrative Region has gained momentum since the second half of 2016 amid robust domestic demand and recovering external demand. Growth is projected to have risen by 3.7 percent in 2017, up from 2 percent in 2016. The strong growth momentum is expected to continue in the near term with annual growth of 2.8 percent in 2018. Consumption is projected to continue to be supported by a tight labor market and investment is expected to remain strong, with major infrastructure and housing projects in the pipeline. The economy is expected to continue to grow at about 3 percent over the medium term, close to its potential.



People S Republic Of China Hong Kong Special Administrative Region


People S Republic Of China Hong Kong Special Administrative Region
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Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2019-12-30

People S Republic Of China Hong Kong Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-30 with Business & Economics categories.


This 2019 Article IV Consultation with People’s Republic of China—Hong Kong Special Administrative Region (SAR) discusses that the economy is projected to start recovering next year, but the pace is expected to be gradual and both near- and medium-term risks have increased significantly, including from trade and technology tensions, ongoing social unrest, and structural challenges of insufficient housing supply and high income inequality. Hong Kong SAR is well placed to address both cyclical and structural challenges with its significant buffers thanks to its long history of prudent macroeconomic policies. Given that the fiscal framework permits deficits during economic downturns, government spending should be increased significantly in the areas of social safety nets, education/retraining, and infrastructure to cope with the cyclical downturn and address structural challenges of insufficient housing and high-income inequality. This should be complemented with measures to ensure fiscal sustainability and greater equity.



People S Republic Of China Hong Kong Special Administrative Region


People S Republic Of China Hong Kong Special Administrative Region
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2000-04-06

People S Republic Of China Hong Kong Special Administrative Region written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-04-06 with Business & Economics categories.


This study estimates quantitative, industry-level measures of the intensity of competition and also discusses various methodologies and data used for measuring competition. The following data are also included in the study: gross fixed capital formation, selected price indicators, labor force, employment, and unemployment, property market development, public expenditure by function, monetary indicators, balance sheet of all authorized institutions, equity price developments, exchange fund balance sheet, wages, labor productivity, public expenditure by function, revenue, government expenditure under the general revenue account, and so on.



People S Republic Of China Hong Kong Special Administrative Region Financial System Stability Assessment Press Release And Statement By The Executive Director For The People S Republic Of China Hong Kong Special Administrative Region


People S Republic Of China Hong Kong Special Administrative Region Financial System Stability Assessment Press Release And Statement By The Executive Director For The People S Republic Of China Hong Kong Special Administrative Region
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-06-08

People S Republic Of China Hong Kong Special Administrative Region Financial System Stability Assessment Press Release And Statement By The Executive Director For The People S Republic Of China Hong Kong Special Administrative Region written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-08 with Business & Economics categories.


The main macro-financial risks relate to extensive linkages to Mainland China, stretched real estate valuations, and exposure to shifts in global market and domestic risk sentiment, compounded by escalating U.S.-China tensions. Stress tests show that the financial system is resilient to severe macro-financial shocks, but there are pockets of vulnerabilities in foreign bank branches, investment funds, households, and nonfinancial corporates. Hong Kong SAR’s financial sector is also exposed to physical and transition risks from climate change.



People S Republic Of China Hong Kong Special Administrative Region Selected Issues


People S Republic Of China Hong Kong Special Administrative Region Selected Issues
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-03-07

People S Republic Of China Hong Kong Special Administrative Region Selected Issues written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-07 with Business & Economics categories.


People’s Republic of China—Hong Kong Special Administrative Region: Selected Issues