IMF Staff Country Reports

People’s Republic of China—Hong Kong Special Administrative Region: 2023 Article IV Consultation Discussions-Press Release; and Staff Report

Publication Date:

May 31, 2023

Electronic Access:

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Summary:

After coping with another year of large COVID-related disruptions, economic activity is normalizing with the re-opening of the border, including with Mainland China. Strong fiscal policy support has helped the economy navigate through multiple shocks over the last few years, while strong institutional frameworks and financial buffers have allowed the financial system to remain resilient and continue to operate smoothly, including the Linked Exchange Rate System. The economy is facing macro-financial challenges amid rising interest rates, spillovers from strains in Mainland China’s real estate sector, adjustment in the local property market, and global economic slowdown.

Series:

Country Report No. 2023/186

Subject:

Credit Economic and financial statistics External sector statistics Financial regulation and supervision Housing Housing prices International organization Monetary policy Money National accounts Prices

Frequency:

regular