Best wishes for the "3 millions" who are going to UK:
In other Hong Kong related news:
Hong Kong stocks recover to pre-national security law sell-off levels, market rises for third day in a row -
Hong Kong, mainland markets on three-day and five-day rising streak, respectively
- The market is filled with capital, and investors are looking for opportunities to invest amid a global economic recovery, analyst says
For those who think that a bank-run will destroy Hong Kong's financial system and the Hong Kong dollar, such as the notorious Hong Kong dollar short-seller Kyle Bass, they will lose their pants.
Hong Kong Can Get U.S. Dollars From China If Needed, Chan Says
China’s central bank can provide U.S. dollars to back Hong Kong’s currency peg should the Trump administration impose sanctions on the territory, according to the city’s financial chief.
- City’s financial chief joins officials in reassuring investors
- Risk U.S. will revoke privileges has boosted concern over peg
The dollar peg is underpinned by about $440 billion of foreign-exchange reserves, which is more than two times the city’s money in circulation, Financial Secretary Paul Chan said in an interview with China Central Television on Wednesday. If needed, Hong Kong can tap a currency swap line with the People’s Bank of China, which will cover Hong Kong dollars and the greenback, he said.
Top officials have been keen to reassure investors that the 36-year-old dollar peg remains secure regardless of how the U.S. responds to Beijing’s controversial plan to impose national security legislation on Hong Kong. Banks and money exchange shops