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Financial Security

Financial security refers to a state in which the financial system of a country is resilient to internal and external impacts, the financial sovereignty is relatively free from danger and threats, the financial system and the relevant economic entities can maintain smooth operation and other national interests are free from threats posed by dangers caused by financial means or regulation. Under this state, the financial regulatory system keeps abreast of the times, financial infrastructures continue to improve, financial institutions operate steadily, financial risks can be prevented and controlled, major financial risks can be predicted, financial activities progress in an orderly manner, and the financial environment remains healthy.

Finance is an important component of a country's core competitiveness. A dynamic financial system leads to a dynamic economy. A stable financial system leads to a stable economy. Financial security is a strategic and fundamental matter determining the economic and social development of our country, and a bottom line which we must resolutely safeguard.

In recent years, financial volatility has manifestly intensified owing to the complicated and challenging external environment, worsening competition amongst major nations, and escalating geopolitical risks. Preventing systemic financial crises is a basic financial task, and the orderly development of Renminbi internationalisation is an integral part of the work for strengthening and enhancing our country's financial security.

Hong Kong is an international financial centre and the country's offshore financial centre. It plays the role of being connected to the world as well as the experimental ground and firewall in terms of financial security of our country. Practitioners in the financial sector of Hong Kong must effectively serve as the financial guardians of our country and Hong Kong, and contribute to the country's fortifications of financial security amidst the increasingly complicated international financial circumstances. Hong Kong citizens must abide by the laws in their daily financial activities and contribute to safeguarding financial security.