Panelists Voice Confidence In HK$; Region To Emerge Stronger & Wiser
ASIA FOREX '97
A panel of leading Asian FX and finance experts voiced confidence that the Asian currency crisis would improve and unanimously backed the continuation of the Hong Kong dollar peg to the US dollar, at the 19th Asia-Pacific Financial Markets Assembly held November 27-29 in Hong Kong. The conference drew 617 delegates from 37 countries.
The Asian Currencies Outlook panel was chaired by Joseph Yam, chief executive of the Hong Kong Monetary Authority (HKMA), and a well-known supporter of the currency
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