Hong Kong’s reputation has been tested over the past six months as anti-government protests, sparked by a now-withdrawn extradition bill, have roiled the city. Photo: K. Y. Cheng
Hong Kong’s reputation has been tested over the past six months as anti-government protests, sparked by a now-withdrawn extradition bill, have roiled the city. Photo: K. Y. Cheng

Hong Kong dollar peg: could democracy act spell the end of the city’s US dollar peg?

  • Hong Kong Human Rights and Democracy Act could potentially threaten the city’s exchange rate peg and its reputation for stability, analysts say
  • But use of the act to suspend Hong Kong’s special trade status would be ‘nuclear option’ for the city and global financial markets

Hong Kong’s reputation has been tested over the past six months as anti-government protests, sparked by a now-withdrawn extradition bill, have roiled the city. Photo: K. Y. Cheng
Hong Kong’s reputation has been tested over the past six months as anti-government protests, sparked by a now-withdrawn extradition bill, have roiled the city. Photo: K. Y. Cheng
READ FULL ARTICLE