Discussion forum on Singapore stocks and current affairs.
Thursday, January 19, 2023
China has cut its US treasury holdings to US$870B.
China has cut its US treasury holdings to US$870B but HK is buying more US treasuries because its HKD is pegged to USD. It is a matter of time that HKD will have to de-peg from the USD so that the HK monetary policies can be in sync with China.
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