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March 14, 2023
The collapse of Silicon Valley Bank in California is continuing to have negative reverberations throughout the economy and across the finance and tech worlds. Circle, a US-based cryptocurrency [...]
November 29, 2022
High-profile investors’ long record of failed attempts to break the Hong Kong dollar peg speaks to the strength of the architecture underpinning the scheme. Speculators might believe it is no longer fit for purpose, but their efforts are in vain unless they can outspend and outlast the HKMA.
November 24, 2022
Bill Ackman, founder of US hedge fund Pershing Square Capital Management, is betting against the Hong Kong dollar, saying that the peg no longer made sense.
October 18, 2022
Hong Kong’s Linked Exchange Rate System shields it from US dollar strength, while China has taken several steps to ensure yuan stability. While other countries’ currencies are left exposed, these measures give Hong Kong and China protection against unconstrained US dollar volatility.
September 13, 2022
When the US dollar surges on the foreign exchanges, as it is now, the Hong Kong dollar also gains in value against other major currencies. This strength spells opportunity for Hong Kong investors who want to diversify their portfolios abroad.
July 28, 2022
The Hong Kong dollar has once again come under pressure, with the Monetary Authority forced to step in and defend it. Despite criticism of the peg to the US dollar, the city’s long-standing commitment to maintaining it and its special significance make it a reliable bet.
May 10, 2022
While the dollar peg has served the city well, that is no guarantee it will always be the case. Given local economic conditions and growing geopolitical rivalry, Hong Kong needs to ask if following the US’ lead on monetary policy is still wise.
January 11, 2022
Hong Kong consumers will not be totally spared from rising prices as policy decisions at home and elsewhere take effect. Even so, Beijing’s commitment to curbing inflation and the Hong Kong dollar’s reliable peg should insulate the city from the worst effects.
February 24, 2021
Post A woman leaves a currency exchange booth in Tsim Sha Tsui in June 2020. Hong Kong’s dollar peg has allowed the government to be too passive, even when assets are bubbling in plain sight. Photo: Sam Tsang READ FULL ARTICLE