Lord Agnew of Oulton, Treasury, has provided the following answer to your written parliamentary question (HL3263):
Question Lord Alton of Liverpool
To ask Her Majesty’s Government what assessment they have made, if any, of (1) UK assets and bank accounts owned by officials of the government of Hong Kong, and (2) the UK property market’s exposure to the Evergrande liquidity crisis. (HL3263)
Tabled on: 21 October 2021
Answer:
Lord Agnew of Oulton:
The Government does not comment on the financial positions of individuals.
In its October 2021 record, the Financial Policy Committee of the Bank of England noted that “the interim results of the 2021 Solvency Stress Test indicate that the UK banking system is resilient to the direct effects of a severe downturn in China and Hong Kong, and sharp adjustments in global asset prices”.
Date and time of answer: 04 Nov 2021 at 15:46.
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Lord Agnew of Oulton, Treasury, has provided the following answer to your written parliamentary question (HL3264):
Question by Lord Alton of Liverpool
To ask Her Majesty’s Government what assessment they have made of the number of officials of the government of Hong Kong whose families hold UK citizenship; and what plans they have, if any, to audit the UK assets of officials of the governments of (1) Hong Kong, and (2) China. (HL3264)
Tabled on: 21 October 2021
Answer:
Lord Agnew of Oulton: The Government does not assess the number of officials of the government of Hong Kong whose families hold UK citizenship. The Government does not comment on the financial positions of individuals.
Date and time of answer: 04 Nov 2021 at 15:45.
