Reuters reporting comments from fin sec John Tsang

  • no wish for, nor does it foresee any changes
  • pegging HK$ to a basket of currencies would be less transparent, more complicated
  • 2-4% growth rate is the new normal for local economy
  • would welcome HSBC moving HQ back to HK

Repeat of recent denials in a de-pegging of the HK$ to USD. The HKMA has intervened a number of times lately to sell HK$ to maintain the trading band