European Parliament Library

People’s Republic of China—Hong Kong Special Administrative Region :, Selected Issues

This Selected Issues paper reviews medium-term fiscal challenges for Hong Kong Special Administrative Region (Hong Kong SAR). It focuses on key considerations that need to be evaluated when formulating a medium-term reserves policy in the face of fiscal challenges, such as accommodating future spending pressures and revenue fluctuations. The broad conclusion of the paper is that fiscal reserves will likely remain an important feature of future fiscal policy. The paper also discusses more general aspects of Hong Kong SAR’s economy’s competitiveness, and the outlook for Hong Kong SAR’s financial center
Table Of Contents
Cover; Contents; I. Medium-Term Fiscal Challenges and Policy-The Role of Fiscal Reserves; A. Introduction and Background; B. Anticipated Risks: Age-Related Fiscal Pressures; C. Unanticipated Risks: Revenue Volatility; Box 1: Theoretical Aspects of Fiscal Policy; Figure 1: Cumulative Fiscal Value at Risk Estimates; Figure 2: Fiscal Value at Risk Density Functions; D. Can Policy Choices Limit the Need to Hold Large Reserves?; E. Do Other Countries Hold Fiscal Reserves?; Appendix: Methodological Issues; Reference; II. Competitiveness: Trends and Prospects; A. Introduction; B. Trends and Patterns
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (44 p.)
Specific Material Designation
Form Of Item

Library Locations

  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR
  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU
  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE