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House Select Committee on China
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- 1House China committee chair urges Fed to review Hong Kong's dollar access▼House China committee chair urges Fed to review Hong Kong’s access to dollar lifeline
The chair of the House select committee on China is calling on the Federal Reserve to review Hong Kong's access to the dollar, a move that would put pressure on the territory's currency peg and its role as a global financial centre. The appeal reflects growing US congressional scrutiny of financial ties with Hong Kong amid tensions with Beijing.