Note the depreciation of the yuan by 0.7%. In the event of aggravation of trade relations between the United States and China, it may provoke a devaluation of the yuan. Then the Hong Kong dollar will also suffer. Note that Hong Kong is already struggling to maintain the stability of the HKD rate. It is important to understand here that HKD stability is one of the fundamental aspects of Hong Kong’s investment appeal.
06 May 2019
Note the depreciation of the yuan by 0.7%
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