Exchange Fund Advisory Committee – Charm

Exclusive | Fears over Exchange Fund discipline overblown: Hong Kong’s dollar peg architect

3 months ago02 mins

Hong Kong has adequate safeguards to prevent any misuse of the Exchange Fund, according to the economist known as the “father of the city’s dollar peg”, who called concerns over the government’s decision to draw from the de facto sovereign wealth fund “a little overblown”. John Greenwood said the government’s plan to transfer HK$150 billion…

Hong Kong to set up first national innovation centre outside mainland China

Rare move to take income out of Exchange Fund to pay for Northern Metropolis, other big projects

4 months ago02 mins

The Hong Kong government has produced a consolidated surplus earlier than expected, its first in four years, ahead of a rare transfer into coffers from the Exchange Fund and other sources. Wednesday’s budget pointed to fund transfers of HK$127.83 billion (US$16.35 billion) and an 11.1 per cent jump in government revenues contributing to another surplus…