Fed up with the peg

Hongkongers are getting sick and tired of the effects of the peg to America’s sinking currency.

Fed up with the peg

Hong Kong’s peg to the US dollar doesn’t always make sense to the people it affects most and never more so than today, when Hongkongers are faced with sky-rocketing property prices and a currency that is fast losing value against all of its neighbours.

In a way, the city is caught between China and America. To maintain the peg, Hong Kong has no choice but to import America’s 0% interest rates, which has made it extremely attractive for mainlanders...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...