Hong Kong Monetary Authority - Annual Report 2006

According to the Hong Kong Monetary Authority's Annual Report 2006, the exchange and money markets continued to be stable throughout the year despite record fund flows related to initial public offerings and speculation about the effect on the Hong Kong dollar of the renminbi's appreciation.

"Hong Kong enjoyed another year of robust economic growth in 2006, helped mainly by strong domestic demand, increases in trade with the Mainland and solid demand for Hong Kong's goods and services from its

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