Hong Kong is the 11th world’s most secure banking system!!!!
From the latest survey, Hong Kong listed as the 11th of world’s most secure banking system. Under the economic crisis, the banking system in Hong Kong is reliable and stable. The Banking Ordinance provides the legal framework for banking supervision in Hong Kong. Also, the Monetary Authority promotes the general stability and effective working of the banking system. Compare with other Asian country, Hong Kong is doing good, Singapore is listed as 13th. United States is listed as 40th while United Kingdom listed as 44th.
Hong Kong shelters from economic turmoil:
Institution is Matters! The more we have the right institution, then we have the more secure banking system, cateris paribus.
Comment by rusmanik — October 20, 2008 @ 6:11 am