Protests have taken place in Hong Kong since June 9, sparked by demands for the city’s government to withdraw an unpopular extradition bill. Photo: Reuters
Protests have taken place in Hong Kong since June 9, sparked by demands for the city’s government to withdraw an unpopular extradition bill. Photo: Reuters

Hong Kong’s US dollar peg could be a weak link if protests drag on, China scholar warns

  • Zhou Luohua, vice-president of the Chongyang Finance Research Institute at the Renmin University of China, says the peg could prove to be city’s ‘Achilles’ heel’
  • The Hong Kong dollar has been pegged at 7.8 to the US dollar since 1983, and has helped the city survive the Asian financial crisis and Sars epidemic

Protests have taken place in Hong Kong since June 9, sparked by demands for the city’s government to withdraw an unpopular extradition bill. Photo: Reuters
Protests have taken place in Hong Kong since June 9, sparked by demands for the city’s government to withdraw an unpopular extradition bill. Photo: Reuters
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