Hong Kong Monetary Authority (HKMA) officials have reiterated the government’s unwavering support for the Hong Kong dollar’s peg to the US dollar. Speaking at a financial briefing, representatives emphasized the peg’s long-standing stability and its importance to maintaining Hong Kong’s status as a leading international financial center.

The HKMA firmly believes that the linked exchange rate system, which has been in place for several decades, remains the most appropriate arrangement for Hong Kong’s unique economic circumstances. Officials highlighted the system’s resilience through various economic cycles and external shocks, demonstrating its robustness and credibility.

Furthermore, the HKMA stressed that it has the resources and commitment necessary to defend the peg against any speculative attacks or unwarranted market pressures. The ample foreign exchange reserves held by the HKMA provide a strong buffer and serve as a deterrent to those who might seek to challenge the system.

The reaffirmation of the government’s commitment to the US dollar peg is intended to provide clarity and confidence to investors and businesses operating in Hong Kong. The HKMA continues to monitor market developments closely and remains prepared to take appropriate measures to ensure the stability of the Hong Kong dollar.