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

January 8, 2007

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People’s Republic of China—Hong Kong Special Administrative Region: Selected Issues, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

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.

Subject: Competition, Financial institutions, Financial integration, Financial markets, Fiscal policy, Fiscal risks, Insurance, Public financial management (PFM), Revenue administration

Keywords: Asia and Pacific, Business cost, Competition, CR, Financial integration, Fiscal risks, Global, Hong Kong SAR, Insurance, ISCR, Mainland bank, Market, Price competitiveness, Renminbi deposit, Revenue, Revenue volatility, SAR resident

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/004
Stock No:

1HKGEA2007001
ISBN:

9781451816952
ISSN:

1934-7685

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