Months of anti-government protests have caused some observers to speculate on the future of the Hong Kong dollar peg. Photo: KY Cheng

Hong Kong dollar peg: why the city’s linked exchange system is an important buffer against financial crisis

  • Ongoing anti-government protests have led to some speculation that Hong Kong could be forced to sever its peg to the US dollar
  • But the city’s de facto central bank has stressed the importance of the linked exchange system, which was introduced in 1983 to avert a financial crisis
Topic |   Hong Kong Monetary Authority (HKMA)

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Months of anti-government protests have caused some observers to speculate on the future of the Hong Kong dollar peg. Photo: KY Cheng
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.