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HK Govt on Fitch's Affirmation of 'AA-' Credit Rating: Strong Credit Fundamentals Recognized Along with Resilient Banking Sector
Rating agency Fitch released a report last Friday (23rd) maintaining Hong Kong's "AA-" credit rating with a "stable" outlook.A spokesperson for the Hong Kon...
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HK Govt on Fitch's Affirmation of 'AA-' Credit Rating: Strong Credit Fundamentals Recognized Along with Resilient Banking Sector
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Rating agency Fitch released a report last Friday (23rd) maintaining Hong Kong's "AA-" credit rating with a "stable" outlook.

A spokesperson for the Hong Kong government responded that Fitch recognized Hong Kong's strong credit fundamentals, including large fiscal buffers, robust external finances, and a low level of fiscal debt, pointing out that the city's banking sector is resilient with solid funding and liquidity.

The spokesperson also added that Hong Kong's financial system remains robust, and bank deposits have continued to grow. As of the end of March 2025, the total amount of bank deposits in Hong Kong was near HKD18 trillion, marking an 11% YoY increase.

In addition, the capital markets are active. For the stock market, the HSI has increased by over 15% YTD. The total market capitalization of Hong Kong stocks has exceeded HKD41 trillion. The IPO market is also thriving, with cumulative funds raised exceeding HKD60 billion.

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