Hong Kong’s reputation has been tested over the past six months as anti-government protests, sparked by a now-withdrawn extradition bill, have roiled the city.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

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Hong Kong’s reputation has been tested over the past six months as anti-government protests, sparked by a now-withdrawn extradition bill, have roiled the city.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

Amanda Lee

Beijing-based correspondent Amanda Lee covers markets and the economy for the Post, with an interest in China's economic and social landscape. A graduate of the London School of Economics, she joined the Post in 2017 and has previously worked for Thomson Reuters and Forbes.

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.