Yu Weiwen: It is worth re-examining whether the practices followed in the past are still effective in increasing market resilience

The Zhitong Finance App learned that Yu Weiwen, CEO of the Hong Kong Monetary Authority, said in his speech at the International Financial Leaders Investment Summit that it is time to re-examine whether the practices known and followed in the past are still effective, and pay more attention to potential threats and elements lacking in the market, and how to respond to the risks and attacks accumulated in the market.

Yu Weiwen pointed out that once multiple risks erupt at the most unfavorable moment, how should they be dealt with? By re-examining the risk pattern, the market will have a greater chance of avoiding or mitigating the impact, and even seizing the new opportunities brought about by changes to create and preserve value for investors and society.

He said that in recent years, the world has faced increased military conflicts, changes in trade policies, supply chain restructuring, rising public debt, active suppression of inflation in various regions, and continuous changes in the technological environment, including AI, but the global financial system continues to be good. However, at the same time, there are more and more concerns about whether the current situation is too ideal, causing all sectors to become complacent. Although the final results are yet to be verified, there is no room for financial market participants to wait, as ideas and actions will influence future developments.