A Tethered Economy: Weighing the Costs of Change in Hong Kong's Currency Peg Hong Kong's economy has long been a paradox – a thriving, cosmopolitan hub nestled within the economic umbrella of China.
The currency peg to the US dollar, established in 1983 as part of the Sino British Joint Declaration, provides stability and predictability to its financial markets.
The recent proposal by the Hong Kong Securities and Futures Professionals Association (HKSFPA) has sparked debate on revisiting or abandoning this peg.