John Greenwood, the Invesco chief economist, regarded as the architect of the Hong Kong dollar peg, said the Linked Exchange Rate Mechanism will survive Sino-US tensions, a report said. He believes it is the most suitable arrangement for Hong Kong. Greenwood said it was unreasonable for the US President Trump to punish Hong Kong as the conflict was between the US and China, rather than between Hong Kong and the US.

Source: The Standard June 04, 2020 10:18 UTC