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Hong Kong’s Shock Move to Tap Dollar Defense Fund Fuels Concern
Bloomberg
Published about 4 hours ago

Hong Kong’s Shock Move to Tap Dollar Defense Fund Fuels Concern

Bloomberg · Feb 27, 2026 · Collected from RSS

Summary

Hong Kong’s proposal to pull HK$150 billion ($19 billion) from a fund used to defend the currency’s peg with the greenback shocked some officials and raised concern over the precedent it sets.

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