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IMF: Hong Kong resilient to financial shocks but liquidity stress heavier on some foreign bank branches

The executive board of the International Monetary Fund (IMF) has announced the results of its Financial System Stability Assessment (FSSA) of Hong Kong, expressing confidence that the city is resilient to financial and liquidity shocks, although it has found “pockets of vulnerabilities” in foreign bank branches, investment funds, households, and non-financial corporates. The IMF executive directors broadly agree with the…

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