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Hong Kong’s monetary and banking system can weather COVID-19 outbreak: HKMA

Eddie Yue, chief executive of the Hong Kong Monetary Authority (HKMA) said the regulator will “keep a watchful eye” on the COVID-19 outbreak and economic development, reiterating that the city’s solid monetary and banking systems can weather the storm. Yue described the public health crisis as “adding fuel to the fire” of the recession-hit Hong Kong economy. He granted that…

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