The Central Government has reiterated that our Motherland shall always back up the development of the MSAR. Under the auspices of the Central Government, we shall weather the storm and pass the test.
We endorse the IMF view that the respective roles of central banks, regulators, supervisors, and fiscal authorities regarding financial stability needs to be revisited. Central banks should play a central role in maintaining financial stability and should have the necessary informational base to do so effectively. This implies close co-operation among all the agencies entrusted with the task of maintaining financial stability. 5.