A woman walks by a money exchange shop decorated with banknotes from different countries in Hong Kong’s Central district. Photo: AP A woman walks by a money exchange shop decorated with banknotes from different countries in Hong Kong’s Central district. Photo: AP
A woman walks by a money exchange shop decorated with banknotes from different countries in Hong Kong’s Central district. Photo: AP

Former Hong Kong Monetary Authority says ‘tiny changes’ in Biden-era report reason for hope, sees no threat of local dollar losing peg to US currency

  • Joseph Yam Chi-kwong, Monetary Authority chief between 1993 and 2009, notes State Department’s most recent Hong Kong Policy Act Report underscored city’s autonomy when it came to monetary policy
  • Removing the Hong Kong dollar’s peg to its US counterpart could have unintended consequences for global markets, he argues

Topic |   Hong Kong economy
A woman walks by a money exchange shop decorated with banknotes from different countries in Hong Kong’s Central district. Photo: AP A woman walks by a money exchange shop decorated with banknotes from different countries in Hong Kong’s Central district. Photo: AP
A woman walks by a money exchange shop decorated with banknotes from different countries in Hong Kong’s Central district. Photo: AP
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