Hong Kong's Handover To China Receives Positive Response From Treasury Managers


A survey conducted by FX Week on market sentiment among South East Asian-based foreign exchange heads reveals that an overwhelming 98 per cent are positive about the handover of Hong Kong to China at midnight tonight, and unanimously expect the pegging of the Hong Kong dollar to the US dollar to continue.

The majority claim they expect business to improve after July 1 due to an influx of trade with China, while about 75 per cent say they plan to beef up or expand their mainland operations as

To continue reading...