We must bear in mind that focusing on foreign exchange rates and current accounts can be detrimental to the stability of the domestic economy. Financial and capital market developments under the “two-speed recovery” Let us now move on to my third point in making projections for the global economy.
Making use of this opportunity, I am pleased to advise our financial practitioners that initial result has been achieved. At the moment, this Authority is following up the matter closely and discusses with the relevant departments with a view to realizing the widening of the scope of RMB business and seeking more investment channels for the MSAR fiscal reserves.