HKMA Chief Yue: No Plans to Change Hong Kong Dollar Peg

HKMA Chief Yue: No Plans to Change Hong Kong Dollar Peg

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses Hong Kong's financial resilience and growth despite recent challenges. It highlights opportunities in China-related finance, fintech, and green finance. The comparison between Hong Kong and Singapore in fintech development is explored, emphasizing collaboration over competition. The stability of the Hong Kong dollar peg is affirmed, with no plans for change. The impact of rising interest rates on the housing market and banking sector is analyzed, with assurances of stability due to strong buffers and prudent measures.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been the trend in Hong Kong's asset management industry over the past three years?

A 20% growth in assets under management

Stagnation in assets under management

A 50% growth in assets under management

A decline in assets under management

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which areas are identified as key opportunities for Hong Kong's financial sector?

China-related opportunities, fintech, and green finance

Manufacturing and export

Real estate and construction

Tourism and hospitality

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the speaker view the relationship between Hong Kong and Singapore in fintech development?

As unrelated markets

As a fierce competition

As a collaborative effort

As a rivalry with no collaboration

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current stance on the Hong Kong dollar peg?

There is no intention to change the peg

The peg has been abandoned

The peg is under review

There are plans to change the peg

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the impact of rising interest rates on Hong Kong's housing market?

Housing prices are unaffected

Housing prices are increasing

Housing prices are stable

Housing prices are softening

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the average loan-to-value ratio for mortgages in Hong Kong?

70%

50%

90%

30%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who can take out mortgages up to 90% in Hong Kong?

First-time homebuyers only

Foreign investors

Only bank staff or those with mortgage insurance

Anyone with a bank account