The Financial Secretary discussed Hong Kong's response to the US tariff war, saying the Hong Kong dollar exchange rate remained firm, with the Hang Seng Index closing at 20,914 points last Friday, while average daily turnover last week was HK$427.6 billion, up about 68 per cent from the previous week. The Hong Kong Monetary Authority, together with the banking sector, launched support measures for small and medium-sized enterprises, with the dedicated funds reserved by participating banks under the "SME Financing Dedicated Committee" increased to more than HK$390 billion.
Why read this: The blog post lists specific figures on the Hong Kong dollar exchange rate, the Hang Seng Index and turnover, and sets out support measures from the Hong Kong Monetary Authority and the Export Credit Insurance Corporation, making it convenient to verify Hong Kong's response to the tariff shock.