The Hong Kong dollar remains pegged to the US dollar, and thanks in part to the backing of Beijing, it seems likely to remain pegged indefinitely. Photo: Reuters
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

Recent volatility aside, Hong Kong’s dollar peg is here to stay

Aidan Yao says Hong Kong has plenty of ammunition to defend the peg, if necessary, and there are currently no real alternatives that are compatible with its status as a financial hub

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The Hong Kong dollar remains pegged to the US dollar, and thanks in part to the backing of Beijing, it seems likely to remain pegged indefinitely. Photo: Reuters
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Aidan Yao

Aidan Yao

Aidan Yao is senior emerging Asia economist at AXA Investment Managers. Prior to joining AXA IM, he was a senior financial market analyst at the Hong Kong Monetary Authority for two years. He started his career at the Reserve Bank of New Zealand in 2007, serving as an economist and later senior financial market analyst until late 2011. He holds a master degree in finance (2006) and a bachelor degree in economics and finance (2005) from the University of Otago (NZ). He is also a chartered financial analyst.