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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