Financial Secretary: Swiss Financial Crisis underlines Dollar Peg
817 views · Published 19 January 2015 · 4:44 · Indexed 4 November 2026
Channel: HKTDC · 2015 · Travel & Events
The financial fallout following the Swiss Franc’s withdrawal from its link with the Euro, indicates that now is a good time to reinforce Hong Kong’s peg with the US dollar, says Hong Kong SAR Financial Secretary, John Tsang. Speaking beside the Asian Financial Forum 2015, Mr Tsang says the Hong Kong government has no intention of changing the SAR’s linked rate. While 2015 will be a challenging year, Hong Kong is safeguarded by the developing regional economy and the market-focused Shanghai-Hong Kong Connect could be extended to Shenzhen, while providing other financial instruments such as derivatives, says Mr Tsang. Speaker: John Tsang, Financial Secretary, Hong Kong SAR Government Asian Financial Forum: http://www.asianfinancialforum.com
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