TY - BOOK ID - 84544679 TI - People’s Republic of China—Hong Kong Special Administrative Region : Staff Report for the 1999 Article IV Consultation Discussions. AU - International Monetary Fund. AU - International Monetary Fund PY - 2000 SN - 1462314090 1452744424 1283555824 9786613868275 1451881339 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and Banking KW - Finance: General KW - Foreign Exchange KW - Macroeconomics KW - General Financial Markets: General (includes Measurement and Data) KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Labor Economics: General KW - Finance KW - Banking KW - Labour KW - income economics KW - Currency KW - Foreign exchange KW - Competition KW - Stock markets KW - Labor KW - Securities markets KW - Financial markets KW - Commercial banks KW - Financial institutions KW - Banks and banking KW - Stock exchanges KW - Labor economics KW - Capital market KW - Hong Kong Special Administrative Region, People's Republic of China KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:84544679 AB - The Asian crisis hit the Hong Kong Special Administrative Region (SAR) economy hard in 1998, despite its generally strong fundamentals. In response to the crisis, the authorities eased fiscal policy—within the framework of a medium plan to restore budget balance, and significantly strengthened job creation and retraining efforts. Despite the inevitable pressures arising from declining output and the regional crisis, the financial position of the banking system remains generally strong. Executive Directors strongly supported the authorities' efforts to further strengthen employment and training programs. ER -