Hong Kong’s Shock Move to Tap Dollar Defense Fund Fuels Concern

Hong Kong’s proposal to pull HK$150 billion ($19 billion) from a fund used to defend the currency’s peg with the greenback shocked some officials and raised concern over the precedent...

By Kiuyan Wong · Bloomberg Markets

Hong Kong’s proposal to pull HK$150 billion ($19 billion) from a fund used to defend the currency’s peg with the greenback shocked some officials and raised concern over the precedent it sets.