The head of Hong Kong’s de facto central bank has brushed off concerns the city’s currency is weakening against the US dollar. Photo: Reuters The head of Hong Kong’s de facto central bank has brushed off concerns the city’s currency is weakening against the US dollar. Photo: Reuters
The head of Hong Kong’s de facto central bank has brushed off concerns the city’s currency is weakening against the US dollar. Photo: Reuters
Hong Kong /  Politics

Hong Kong Monetary Authority chief insists electoral overhaul not to blame for capital outflow

  • Eddie Yue says the outflow was caused by mainland companies transferring money raised in Hong Kong back across the border following IPOs
  • He also brushed off concerns the city’s currency could be weakening, saying the Hong Kong dollar was still on strong side of its narrow trading band

Topic |   Hong Kong national security law (NSL)
Jeffie LamIris Ouyang
Jeffie Lam  and Iris Ouyang

Updated: 1:31am, 22 Mar, 2021

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The head of Hong Kong’s de facto central bank has brushed off concerns the city’s currency is weakening against the US dollar. Photo: Reuters The head of Hong Kong’s de facto central bank has brushed off concerns the city’s currency is weakening against the US dollar. Photo: Reuters
The head of Hong Kong’s de facto central bank has brushed off concerns the city’s currency is weakening against the US dollar. Photo: Reuters
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