While the currency peg is not indestructible, investors should not underestimate the extent to which it is part of the city’s raison d’être.
While the currency peg is not indestructible, investors should not underestimate the extent to which it is part of the city’s raison d’être
For speculators and critics of the peg, this shows that the disconnect between a US-led monetary policy cycle and a mainland China-driven economic cycle has become untenable.
What is the Hong Kong Dollar Peg?
While the currency peg is not indestructible, investors should not underestimate the extent to which it is part of the city’s…
City leader also says Hong Kong’s status as yuan offshore centre to be enhanced, while stablecoins are part of ‘blue oceans’…
City needs a predictable and independent US monetary policy. That is now a big question mark.
The city’s de facto central bank sold US$1.2 billion worth of US dollar to buy Hong Kong dollar at HK$7.85 per dollar.
While capital can be volatile, Hong Kong’s role as the conduit between Chinese and global finance puts its financial sector in a…
Monetary authority’s successful defence of the US-dollar peg raises loan rates, putting pressure on borrowers and the property…
