Hong Kong govt has no wish for any changes to HK$ peg

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