Hong Kong Says Dollar Peg, Banks Remain...>

HONG KONG: Hong Kong Says Dollar Peg, Banks Remain Strong Amid Protests (BBG)

- Hong Kong's de facto central bank said confidence in the city's currency peg

to the dollar remains strong and the banking sector is robust, despite almost

six months of pro-democracy protests that have roiled the financial hub's

economy. "The peg has proven that it will survive different times and different

challenging periods for Hong Kong," Howard Lee, deputy chief executive at the

Hong Kong Monetary Authority, said in an interview with Bloomberg Television

Thursday. "The benefit is clearly visible and the confidence in the linked

exchange rate is very strong among Hong Kong residents and also international

investors. We see no need to change it."

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