Norman Chan Tak-lam said the fund is the "last line of defence for financial stability". Photo: Dickson Lee

Every penny of HK$3 trillion Exchange Fund needed for ‘crises’, says HKMA chief

Lawmakers had argued there is enough money to maintain financial stability and that surplus could be spent on social welfare and infrastructure

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Norman Chan Tak-lam said the fund is the "last line of defence for financial stability". Photo: Dickson Lee
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