Secretary for Financial Services Rafael Hui Si-yan, Financial Secretary Donald Tsang and Monetary Authority chief Joseph Yam announce the intervention which moved the index up 8.5 per cent. Photo: Dustin Shum
Secretary for Financial Services Rafael Hui Si-yan, Financial Secretary Donald Tsang and Monetary Authority chief Joseph Yam announce the intervention which moved the index up 8.5 per cent. Photo: Dustin Shum

August 14, 1998: ‘Billions spent to prop up shares’ - Hong Kong fights back amid financial crisis

  • Tsang intervenes to defend dollar

Secretary for Financial Services Rafael Hui Si-yan, Financial Secretary Donald Tsang and Monetary Authority chief Joseph Yam announce the intervention which moved the index up 8.5 per cent. Photo: Dustin Shum
Secretary for Financial Services Rafael Hui Si-yan, Financial Secretary Donald Tsang and Monetary Authority chief Joseph Yam announce the intervention which moved the index up 8.5 per cent. Photo: Dustin Shum
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