✉news BusinessBanking first seen 13 h ago, last 14 min 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, a lifeline underpinning the city's currency peg and its role as a global financial centre. The appeal raises questions about how US-China tensions could extend into monetary and banking arrangements between the two economies.
Why now: Renewed US-China tensions are prompting scrutiny of financial levers such as Hong Kong's dollar peg and access to US currency arrangements.
Federal ReserveHong KongUS House Select Committee on China
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