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• Hong Kong is an international financial hub providing access to Asia for many multinational companies. Most transactions are done in US dollars, therefore, the Hong Kong dollar is pegged to the US dollar.

• But there are doubts about the sustainability of this peg. Concerns have risen regarding Hong Kong’s competitiveness versus China due to the increasing share of business done in Chinese renminbi. And there is China’s objective to bring Hong Kong closer to its motherland

• A change of the currency regime to a peg with the renminbi therefore is probable, though no in the short term. This note answers ten relevant questions about the Hong Kong dollar.

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