HK to spend billions more to defend currency peg


  • Business
  • Saturday, 16 Mar 2019

An employee uses a machine to count Hong Kong ten dollars banknotes at the Professional Foreign Currency Exchange Ltd. (PFCE) store in Hong Kong, China, on Thursday, March 16, 2017. Hong Kong's shopping districts are dotted with money changers advertising their remittance services and conversion rates. There are 1,891 licensed money operators in the city, Hong Kong customs data show. Photographer: Anthony Kwan/Bloomberg

HONG KONG: This round of currency intervention in Hong Kong is far from over.

That’s according to analysts, who’re watching the interplay between the amount of money in the city’s financial system and local borrowing costs.

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