Hong Kong

hong: Hong Kong's capital markets have been as solid as a rock despite external interference, especially the passage of a bill by the US Congress that supports Hong Kong riot ers, according to Global Times China. Such calm underlines Hong Kong stock market's solid foundation, given its high market-oriented level and backbone from the economy in the Chinese mainland, experts commented. No capital flight. Hong Kong's financial markets have responded calmly and operated as usual, with a stable currency exchange rate and no signs of strong capital outflows, after the US Congress approved the so-called Hong Kong Human Rights and Democracy Act last week, wrote Paul Chan Mo-po, financial secretary of the Hong Kong Special Administrative Region HKSAR in a blog on Sunday. The US has huge economic and other benefits in Hong Kong and has always benefited from the sizable trade surplus it has with Hong Kong. The Hong Kong official went on to criticize the US' passing of the bill as ungrounded, saying that the US government should not poke its nose into Hong Kong affairs. (news.financializer.com). As reported in the news.