Hong Kong Credit Rating Cut One Notch by Moody’s

The transcript discusses the Hong Kong government's autonomy and institutional capacity, highlighting Moody's negative rating due to governance issues. It examines the impact of US Congress actions on Hong Kong's autonomy and its status as a global financial hub. Despite ongoing protests, Hong Kong's economy remains resilient, supported by strong fiscal reserves and a diversified economy.

What is the main reason for the Hong Kong government's disagreement with Moody's revision?

• Economic instability

• Political pressure from the US

• Lack of institutional capacity

• High degree of autonomy

How does the US Congress's action potentially impact Hong Kong?

• It increases foreign investments in Hong Kong

• It improves Hong Kong's political stability

• It strengthens Hong Kong's financial market

• It questions the autonomy of Hong Kong's institutions

What is a key factor in maintaining Hong Kong's status as a global financial hub?

• Tourism industry

• Political alliances

• Autonomy of its institutions

• High population density

Despite ongoing protests, why has Hong Kong's economy remained stable?

• Strong fiscal reserves and diversified economy

• High inflation rates

• Increased foreign aid

• Reduction in public spending

What percentage of GDP do Hong Kong's fiscal reserves represent?

• 50%

• 20%

• 30%

• 40%