PBOC's Pan said on July 7 at the Hong Kong Fixed Income and Currency Summit and
Bond Connect Forum that the central bank will coordinate with the Hong Kong govt
and financial regulators on four priority areas to strengthen Hong Kong's
international financial centre. One priority is firmly safeguarding Hong Kong's
financial stability and security, which he called the foundation for the city's
long-term prosperity. Pan cited Hong Kong's crisis-management track record in
the late-1990s Asian crisis and the 2008 global financial crisis, and said
China’s stronger economic and financial position and the world’s largest FX
reserves means the PBOC will continue to provide full support and safeguards for
Hong Kong’s financial reform, stability and security.
