EXPLAINER-Dollar peg is critical to Hong Kong amid U.S. threats, China worries
China’s plans to impose a
national security law on Hong Kong and moves by the United
States to begin withdrawing privileges enjoyed by the city under
U.S. law have unsettled investors. They have also raised fears
about the stability of the Hong Kong dollar’s (HKD)
36-year old peg to its U.S. counterpart, prompting local
officials to issue several reassurances.
national security law on Hong Kong and moves by the United
States to begin withdrawing privileges enjoyed by the city under
U.S. law have unsettled investors. They have also raised fears
about the stability of the Hong Kong dollar’s (HKD)
36-year old peg to its U.S. counterpart, prompting local
officials to issue several reassurances.
Posted by Reuters
