Hong Kong Tries Quelling US Dollar Peg Fears

Miguel Moreno
By Miguel Moreno
June 17, 2020Businessshare

The Hong Kong Financial Secretary is trying to diffuse any fears investors may have about the Hong Kong dollar potentially being unpegged to the U.S. dollar. But concerns about investor confidence blew up after the Chinese Communist Party proposed its so-called National Security Law—a law that could potentially threaten the rule of law in Hong Kong.

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