Civil servants attend a rally to support the anti-extradition bill protest in Central, on August 2, 2019. Photo: Felix Wong

Hong Kong’s finance chief says record currency reserves give it enough fire power to ward off any attack on currency, recession possible

  • Hong Kong’s Financial Secretary Paul Chan Mo-po says if third-quarter GDP shows negative growth, the city’s economy will technically enter into a recession
  • Hong Kong’s hoard of foreign currencies increased 0.6 per cent to a record, bolstering the city’s defences against currency attacks and financial turmoil
Topic |   Hong Kong economy

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Civil servants attend a rally to support the anti-extradition bill protest in Central, on August 2, 2019. Photo: Felix Wong
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