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Hong Kong, Hong Kong

Hong Kong. Photo by mikeleeorg

Hong Kong Resident Representative Site

Resident Representative Office in Hong Kong Special Administrative Region

This web page presents information about the work of the IMF in Hong Kong, including the activities of the IMF Resident Representative Office. Additional information can be found on the Hong Kong and IMF country page, including IMF reports and Executive Board documents that deal with Hong Kong.

At a Glance : Hong Kong's Relations with the IMF

  • Current IMF membership: 186 countries
  • As a Special Administrative Region of the People’s Republic of China, Hong Kong SAR is not a member of the Fund
  • Annual consultation discussions have been held with the Hong Kong SAR authorities since October 1990
  • The last Article IV Executive Board Consultation was on December 1, 2008 (Country Report 08/369)
  • The Hong Kong SAR sub-office of the Beijing Resident Representative’s office was opened on September 23, 2000

News — Highlights

Asia Recovering Rapidly, but Faces Challenges, says IMF

After being hit hard by the global economic slump, Asia is now rebounding fast, according to the IMF in its Regional Economic Outlook for the Asia and Pacific Region. click for more

Why Has Asia Been Hit So Hard By The Global Economic and Financial Crisis?

Presentation by Mr. Takatoshi Kato, Deputy Managing Director, IMF At the Eighteenth General Meeting of the Pacific Economic Cooperation Council; The Mayflower Hotel, Washington, D.C., May 12, 2009 click for more

Asian Growth Losing Steam Fast Amid Global Downturn

Growth in Asia is forecast to slow to 2.7 percent in 2009, dragged down by the global economic and financial crisis, but the region should see a sharp recovery once the world economy regains its footing, the IMF says. click for more

Hong Kong and the IMF

Transcript of a Conference Call on the IMF's Article IV Consultation with Hong Kong SAR

November 3,2009

People’s Republic of China—Hong Kong Special Administrative Region Preliminary Conclusions of the 2009 Article IV Mission

November 2,2009
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments. click for more

Asia, the Financial Crisis, and Global Economic Governance, Speech by John Lipsky, First Deputy Managing Director of the International Monetary Fund at the Federal Reserve Bank of San Francisco Conference, Santa Barbara, California

October 20,2009

Spillovers of the U.S. Subprime Financial Turmoil to Mainland China and Hong Kong SAR: Evidence from Stock Markets

August 7,2009
Author/Editor: Sun, Tao ; Zhang, Xiaojing
Series: Working Paper No. 09/166
 click for more

Why Has Asia Been Hit So Hard By The Global Economic and Financial Crisis? Presentation by Mr. Takatoshi Kato, Deputy Managing Director, IMF, at the Eighteenth General Meeting of the Pacific Economic Cooperation Council

May 12,2009

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Regional Economic Outlook: Asia and Pacific

Image from the publication cover

Asia has rebounded fast from the depth of the global crisis. Initially, the region was hit extremely hard, with output in most countries shrinking by much more than even those nations at the epicenter of the crisis. But starting in February 2009, Asia's economy began to revive. Exports and industrial production have increased again, financial pressures have eased, confidence has largely been restored. What explains this remarkable comeback? What challenges does the recovery pose to Asian policymakers? These are the main questions addressed in the IMF's October 2009 "Regional Economic Outlook: Asia and Pacific." The report discusses the latest developments in Asia, examines the prospects for the period ahead, and considers the policy steps needed to sustain the recovery and rebalance Asia's medium-term growth. Click for more