Explainer: Dollar peg is critical to Hong Kong amid U.S. threats, China worries
China's plans to impose a national security law on Hong Kong and moves by the United States to begin withdrawing privileges enjoyed by the city under U.S. law have unsettled investors. They have also raised fears about the stability of the Hong Kong dollar's <HKD=D3> (HKD) 36-year old peg to its U.S. counterpart, prompting local officials to issue several reassurances. [Source]
Publication Date:Origin: reuters.com
Category: topNews
Topics: reassurances, several, issue, officials, local, prompting, counterpart, 36-year, (HKD), <HKD=D3>, dollar's, stability, fears, raised, investors, unsettled, under, enjoyed, privileges, withdrawing, begin, States, United, moves, security, national, impose, plans, China's, worries, China, threats, critical, Dollar, Explainer