The Hong Kong dollar's link to the US dollar, set up in 1983, weathered the storm of the Asian financial crisis in 1998. Photo: Bloomberg
The Hong Kong dollar's link to the US dollar, set up in 1983, weathered the storm of the Asian financial crisis in 1998. Photo: Bloomberg

Peg's biggest test led to bonanza

The government's high-risk move to stare down the speculators in the Asian crisis and buy up stocks paid off well

The Hong Kong dollar's link to the US dollar, set up in 1983, weathered the storm of the Asian financial crisis in 1998. Photo: Bloomberg
The Hong Kong dollar's link to the US dollar, set up in 1983, weathered the storm of the Asian financial crisis in 1998. Photo: Bloomberg
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