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

International Monetary Fund

No 2007/004, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; revenue; revenue volatility; Hong Kong SAR; market; price competitiveness; Mainland bank; SAR resident; business cost; renminbi deposit; Competition; Insurance; Fiscal risks; Financial integration; Global; Asia and Pacific (search for similar items in EconPapers)
Pages: 42
Date: 2007-01-08
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Citations: View citations in EconPapers (1)

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