IMF commends Hong Kong's resilient economic growth and financial system
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The IMF notes that Hong Kong's economy has continued to recover, with growth in 2025 stronger than expected. Reaffirming Hong Kong's position as an international financial centre, the IMF underscores its "super connector" role as a key advantage, while recognising that Hong Kong has advanced digital finance initiatives to position its financial sector at the forefront of regulated innovation in Asia, and has strengthened its role as a regional sustainable finance hub. The IMF acknowledges that policy initiatives, including the development of the Northern Metropolis, can further strengthen cross-boundary integration, support innovation and promote high value-added services.
The IMF recognises that Hong Kong's financial system, supported by strong buffers and robust regulatory oversight, remains resilient, and the risks are manageable. The Linked Exchange Rate System (LERS) remains appropriate and continues to serve as a credible anchor for economic and financial stability. The IMF also commends the efforts in strengthening the monitoring framework for the non-bank financial institution sector, as well as enhancing systemic risk assessments and market-wide monitoring of higher-risk activities.
The IMF considers the fiscal stance in 2026 as appropriate, and highlights that Hong Kong's strong macroeconomic policy framework, anchored by the credibility of the LERS, a record of prudent fiscal management, robust financial regulation and flexible markets, provides a solid foundation for rebuilding fiscal buffers in the medium term.
The IMF Staff Mission visited Hong Kong from March 16 to 27. Discussions were held with HKSAR Government officials, financial regulators and private sector representatives. The Concluding Statement of the Mission's assessment was published on May 15. The Staff Report was endorsed by the IMF Executive Board on May 18.
The IMF's press release on the Staff Report is available at the following link. The Staff Report can be accessed from the websites of the Financial Services and the Treasury Bureau (www.fstb.gov.hk) and the IMF (www.imf.org) after its publication.
Ends/Friday, May 22, 2026
Issued at HKT 17:10
Issued at HKT 17:10
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