Li Jiachao: The linked exchange rate system is one of the key factors for Hong Kong's economic success and will continue to be maintained
2025-06-09 03:30:09
Hong Kong will maintain the Hong Kong dollar's pegged exchange rate to the US dollar, which is one of the key factors for Hong Kong's economic success and will not change as geopolitical tensions escalate, Chief Executive Lee Ka-chiu said recently. However, Li Ka-chiu said that this does not mean that Hong Kong's financial system is completely dependent on the pegged exchange rate system. In the future, Hong Kong will strengthen its dominance as a global offshore RMB business center and provide more diversified products, which will lead to more trade. He expects to launch more RMB business products in the future to benefit overseas investors who hold RMB, and will also work to strengthen the Hong Kong dollar-RMB dual-counter trading model, allowing investors to buy RMB-denominated stocks listed in Hong Kong with offshore RMB. (Jin Ten)
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