Anti-government protests have raised questions about Hong Kong’s status as an international financial hub. Photo: Nora Tam

Hong Kong dollar peg: could the financial hub’s stable exchange rate keep Shenzhen and Macau at bay?

  • Analysts say Hong Kong’s importance to the mainland will continue because of its stable exchange rate under the US dollar peg, despite anti-government protests
  • Macau and Shenzhen unlikely to replace the city due to Beijing’s reluctance to end restrictions on domestic money exchanges and fully open its capital account
Topic |   Macau

TOP PICKS

Anti-government protests have raised questions about Hong Kong’s status as an international financial hub. Photo: Nora Tam
READ FULL ARTICLE
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.