Why Did Fitch Downgrade Hong Kong for First Time Since 1995?

The video discusses the decision to downgrade Hong Kong's rating due to ongoing violence and its impact on international perceptions. Despite economic challenges, Hong Kong remains a strong economy with significant fiscal reserves. The integration with mainland China poses risks, and the situation is evolving. The government has introduced fiscal measures to support businesses, but the future remains uncertain.

What was the primary reason for downgrading Hong Kong's rating?

• Ongoing violence and conflict

• High unemployment rate

• Economic growth challenges

• Lack of fiscal reserves

How is Hong Kong's economy rated in the scoring system?

• BBB

• AAA

• AA

• A+

What initiative is mentioned as a link between Hong Kong and mainland China's economy?

• Greater Bay Area

• Belt and Road Initiative

• Asian Infrastructure Investment Bank

• Silk Road Economic Belt

What is a potential outcome if the protests succeed in Hong Kong?

• Increased integration with mainland China

• Stabilization of international perceptions

• A line drawn around integration

• Downgrade of Hong Kong's rating

What percentage of Hong Kong's banking sector assets are exposed to the mainland?

• 40%

• 20%

• 10%

• 30%

What is the estimated percentage of fiscal reserves in relation to Hong Kong's GDP?

• 50%

• 20%

• 30%

• 40%

What is one of the strengths of Hong Kong's economy mentioned in the final section?

• Weak external relations

• High unemployment rate

• Strong fiscal management

• Low fiscal reserves