深潮TechFlow|3月 02, 2026 03:41
[South China Morning Post: Hong Kong Has No Plans to Withdraw from the Exchange Fund Again in the Next Five Years]
Deep Tide TechFlow News, March 2 – According to the *South China Morning Post*, citing Hong Kong Financial Secretary Paul Chan Mo-po, Hong Kong has no plans to withdraw funds from the Exchange Fund again in the next five years. He previously disclosed that Hong Kong would transfer HK$150 billion (US$19 billion) from the Exchange Fund. This fund is used to maintain the Hong Kong dollar's peg to the US dollar. The proposed withdrawal was the first since 1984. Paul Chan stated that such measures would not appear in the medium-term forecast and that there is no intention to make withdrawals "a routine practice." It is reported that the primary role of the Hong Kong Exchange Fund is to support the Hong Kong dollar's exchange rate within the trading range of 7.75 to 7.85 against the US dollar, thereby maintaining financial stability and investor confidence.
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