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<p>HM Treasury works closely with the UK’s independent financial regulators - including
the Bank of England and Financial Conduct Authority to monitor risks to the UK financial
system.</p><p> </p><p>The Government does not comment on specific financial market
movements. However, the results of the Bank of England's 2021 stress test concluded
that the UK banking sector is resilient to a sharp contraction in both China and Hong
Kong's economic activity.</p><p> </p><p>Figures from the Office for National Statistics
estimate that UK investors owned around £409bn of investment in China and Hong Kong
at the end of 2021- or around 3% of the UK’s total investment held overseas. This
compares to £4.3tn of investment held in the USA and £4.6tn in the EU.</p>
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