Economy / Hong Kong
Peg To Remain, Despite Yuan Revaluation
November 2005 | Economic AnalysisWe do not expect the Hong Kong government to change its exchange rate system despite the revaluation of the Chinese yuan on July 21. Our opinion is consistent with that of the Hong Kong government: the territory's acting financial secretary, Stephen Ip, said in a statement released shortly after the revaluation that the Hong Kong dollar would remain pegged to the US
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