Half-Yearly Monetary & Financial Stability Report (March 2022)

HKMA has published the latest Half-Yearly Monetary & Financial Stability Report (March 2022). With sustained growth in merchandise exports and private consumption, the Hong Kong economy continued to recover in the second half of 2021(real GDP grew by 5.5% Q3 and 4.8% in Q4), resuming positive annual growth for the first time since 2019, and is expected to continue for the year as a whole. Labour market continued to improve(Dec employment rate up by 2.0% from a recent low in February 2021) and Local inflationary pressures remained moderate(at around 1.2% in Q4). A sooner-than-expected resumption of quarantine-free travel with the Mainland could be an upside that boosts economic growth.

Looking ahead, the uncertainties surrounding central banks’ reaction to inflation, ongoing pandemic developments and the rising geopolitical tensions are the most pressing challenges facing the world today. With the ample foreign reserves position and the robust banking system, Hong Kong is well-positioned to withstand the market turbulence without compromising its financial stability, and benefit from the deepening regional economic and financial cooperation under the Belt and Road and the Greater Bay Area initiatives.

With a strong government support in asset management, we will adhere to client-centricity, keep to lead the way in ESG investments and strive to become the most valuable family office in Asia in the next five years.

Half-Yearly Monetary & Financial Stability Report (March 2022)

Learn more about ONE Family office, please visit our website : https://lnkd.in/gfJGR2_8

Stephan Ng

The work of ONE Family Office takes on the role of a trusted confidant, who is able to see the wood for the tress. Being able to consider the situation of each family and then ensure they are guided responsibly and impartial is a core principal.

ONE Family’s ability to help steer the next generation to keep an even keel for the long-term helps to develop a robust family business, for today and tomorrow.

For more information on how we can help your business, or to set up a meeting, contact us today.