✉news BusinessBanking first seen 7 h ago, last 12 min ago, peak #7

House China committee chair urges Fed to review Hong Kong's dollar access

Original: 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.

Why now: Rising US-China tensions are prompting lawmakers to question Hong Kong's privileged access to the US financial system.

Federal ReserveUS House of RepresentativesHong KongChina

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• House China committee chair urges Fed to review Hong Kong’s access to dollar lifeline · CNBC

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