Hong Kong’s reputation has been tested over the past six months as anti-government protests, sparked by a now-withdrawn extradition bill, have roiled the city.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
Topic |   Hong Kong economy
Hong Kong’s reputation has been tested over the past six months as anti-government protests, sparked by a now-withdrawn extradition bill, have roiled the city.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
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