In an exclusive interview with the Post, Financial Secretary Paul Chan Mo-po said the city is well-positioned to thwart any potential attacks on the Hong Kong dollar. Photo: Nora Tam

Hong Kong well-positioned to withstand currency attacks, even with coronavirus spending, Financial Secretary Paul Chan says

  • A currency-swap mechanism with the People’s Bank of China and a new US Federal Reserve deal are available to thwart speculators targeting the city
  • Even with a deficit that could hit HK$300 billion, the financial secretary does not anticipate issuing bonds, which could be interpreted as a lack of financial discipline
Topic |   Hong Kong economy
In an exclusive interview with the Post, Financial Secretary Paul Chan Mo-po said the city is well-positioned to thwart any potential attacks on the Hong Kong dollar. Photo: Nora Tam
READ FULL ARTICLE