(Bloomberg) -- Hong Kong's currency link to the U.S.
dollar can withstand an attack from speculators and last at
least another decade, said John Greenwood, architect of the 23-
year-old peg and an adviser to the city's monetary authority.
In the 10 years since Britain handed back the city to China,
the Hong Kong dollar has weathered pressure to fall during
Asia's financial crisis and to rise as China's currency gained.
Goldman Sachs Group Inc. and Royal Bank of Scotland Plc say a
link to the yuan instead of the U.S. dollar is inevitable as the
two economies integrate.
Read more at Bloomberg Currencies News
dollar can withstand an attack from speculators and last at
least another decade, said John Greenwood, architect of the 23-
year-old peg and an adviser to the city's monetary authority.
In the 10 years since Britain handed back the city to China,
the Hong Kong dollar has weathered pressure to fall during
Asia's financial crisis and to rise as China's currency gained.
Goldman Sachs Group Inc. and Royal Bank of Scotland Plc say a
link to the yuan instead of the U.S. dollar is inevitable as the
two economies integrate.
Read more at Bloomberg Currencies News
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