✉news BusinessBanking first seen 5 h ago, last 1 h ago, peak #7
House China committee chair urges Fed review of Hong Kong dollar access
Original: House China committee chair urges Fed to review Hong Kong’s access to dollar lifeline
The chair of the House committee on China is calling on the Federal Reserve to review Hong Kong's access to the dollar, the currency peg that underpins the city's financial system. The move would put pressure on the arrangement that has long allowed Hong Kong to operate as a global financial hub with dollar backing.
Why now: Fresh political pressure on Hong Kong's dollar peg amid US-China tensions
Federal ReserveHouse Select Committee on ChinaHong Kong
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