財政司司長網誌·· 6 Oct 2019PicksAI score64
Financial Secretary's blog discusses Prohibition on Face Covering Regulation and free flow of funds
公共安全
AI briefing
Financial Secretary explained in his blog the considerations behind enacting the Prohibition on Face Covering Regulation, with the aim of deterring violent and unlawful acts, and stressed that Hong Kong will not impose foreign exchange controls and that funds can flow freely in and out. He listed foreign exchange reserves of over US$430 billion, fiscal reserves of over HK$1,140 billion, and the retail sales value in August plunging 23% year-on-year.
Why read this
The Secretary explains the reasons for enacting the Prohibition on Face Covering Regulation, and lists ratios of foreign exchange reserves, fiscal reserves and the banking system to address concerns over whether the free movement of funds will be restricted.
Source: 財政司司長網誌 · fso.gov.hk