Hong Kong’s Exchange Fund holds reserves which are intended to defend the local currency’s peg to the US dollar. Photo: Jonathan Wong
Andy Kwan
Opinion

Opinion

Money Matters by Andy Kwan

Hong Kong’s US$1.835 trillion reserve stockpile is so big, it’s actually hurting

Among the issues, it is time to ask both the government and the HKMA how much is needed in the Exchange Fund to defend Hong Kong’s linked currency system

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Hong Kong’s Exchange Fund holds reserves which are intended to defend the local currency’s peg to the US dollar. Photo: Jonathan Wong
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