The Hong Kong Monetary Authority currency board subcommittee monitors and reports on the linked exchange rate system that pegs the Hong Kong dollar against the US dollar between a range of 7.75 to 7.85. Photo: Bloomberg

Hong Kong dollar no longer ‘safe haven’ for investors as protests cast doubt, ‘father of dollar peg’ says

  • Hong Kong’s ‘safe haven’ status has diminished due to political instability caused by anti-government protests in the city, Invesco’s John Greenwood says
  • Extra liquidity from the US Fed is likely to flow into all Asian markets, not primarily Hong Kong, as it did after global financial crisis over a decade ago
Topic |   Hong Kong economy

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The Hong Kong Monetary Authority currency board subcommittee monitors and reports on the linked exchange rate system that pegs the Hong Kong dollar against the US dollar between a range of 7.75 to 7.85. Photo: Bloomberg
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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.