A HK$10 dollar banknote, a US$100 dollar banknote, and 100 yuan banknotes in a picture illustration on January 21, 2016. Photo: REUTERS

Hong Kong’s weak dollar is a victim of northbound investments rushing into the stock exchanges of Shanghai and Shenzhen

  • The Hong Kong Monetary Authority has spent nearly US$1 billion this month to prop up the local currency, keeping it within a trading band against the US dollar
  • Equity investors are selling the Hong Kong dollar to buy yuan for trading in Chinese stocks through the Connect schemes
Topic |   Currencies

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A HK$10 dollar banknote, a US$100 dollar banknote, and 100 yuan banknotes in a picture illustration on January 21, 2016. Photo: REUTERS
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