Hong Kong finance sec says no plans to change US dollar peg

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

HONG KONG: Hong Kong had no plans to change its currency's peg to the US dollar and the Asian financial hub has not seen any 'obvious' capital ...

HONG KONG: Hong Kong had no plans to change its currency's peg to the US dollar and the Asian financial hub has not seen any"obvious" capital outflows after Washington moved to strip the city of its special status in US law, the city's finance

secretary said.Paul Chain said on Monday that authorities were confident in defending the Hong Kong dollar exchange rate, with foreign exchange reserves twice the size of the entire monetary base and liquidity in the banking system"very healthy and strong".

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in AU

Australia Australia Latest News, Australia Australia Headlines