Hong Kong intervenes to defend currency peg
Monetary authority sells US dollars to maintain trading band for local currency
Related reading
How my views on Hong Kong’s future have evolved
While governance problems and linkages to weak mainland economy persist, its financial sector has benefited from US-China tensions
Morgan Stanley and Goldman dominate Hong Kong equity deals
A wave of Chinese companies raising money has revived dealmaking in Asia’s financial hub
Chinese investment into Hong Kong surges to record high
Inflows through Stock Connect show how city’s fortunes have become increasingly dependent on capital from mainland
Euroclear plans to accept HK-traded Chinese bonds as collateral
Proposal would boost Beijing’s drive to internationalise the renminbi and counter dominance of US dollar
China tests out stablecoins amid fears of capital outflows
Policymakers say dollar-backed tokens cement US dominance but regulator warns of money-laundering risk
How to manage US asset dominance in portfolios
Dollar hedges will continue to be in demand but investors may have to consider other options too