HKMA Chief Yue: Banking System Is 'Extremely Resilient'

The video discusses the current state of banking systems in the US and Hong Kong. It highlights the steady increase in US banking deposits and the global interest in opening accounts in Hong Kong due to its stable banking system. The video also covers the resilience of Hong Kong's banks, emphasizing their strong capital adequacy and liquidity ratios. Additionally, it touches on the topic of deposit insurance, comparing the situations in the US and Hong Kong, and mentions a review of Hong Kong's deposit insurance coverage.

What has been the trend in deposits in the US banking system in the first quarter?

• No change at all

• A sharp increase

• A steady increase of about 0.5%

• A significant decrease

Why are some international firms interested in opening accounts in Hong Kong?

• To access better customer service

• To avoid US regulations

• To benefit from higher interest rates

• To take advantage of lower taxes

How has the Hong Kong banking system been described in terms of its regulatory framework?

• Similar to the US system

• Extremely tight and well-regulated

• Moderately regulated

• Lax and underdeveloped

What is the current Deposit Insurance coverage limit in Hong Kong?

• $1,000,000

• $100,000

• $250,000

• $500,100

What percentage of depositors does the current Deposit Insurance in Hong Kong cover?

• 70%

• 50%

• 87-88%

• 100%