HONG KONG (Reuters) – Hong Kong had no plans to change its currency’s peg to the U.S. dollar and the Asian financial hub has not seen any “obvious” capital outflows after Washington moved to strip the city of its special status in U.S. law, the city’s finance secretary said.
Paul Chain said on Monday that authorities were confident in defending the Hong Kong dollar
Chan added capital will continue to flow freely in and out of Hong Kong.
(Reporting by Clare Jim, Donny Kwok; Writing by Marius Zaharia; Editing by Himani Sarkar)
