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Hong Kong dollar no longer ‘safe haven’ for investors as protests cast doubt, ‘father of dollar peg’ says

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Hong Kong is no longer the “safe haven” financial centre it once was, according to the economist credited with being the architect of the Hong Kong dollar peg.John Greenwood, who is known in financial circles as the “father of the Hong Kong dollar peg”, said the current political instability in the city would curb the amount of capital inflows even though there is no threat to the Hong Kong dollar peg system.And with the anti-government demonstrations playing on the minds of investors, US…

Source: South China Morning Post