HK's Acting Financial Secretary welcomes reform

In response to the announcement made by the People's Bank of China Thursday evening, Hong Kong's Acting Financial Secretary, Stephen Ip welcomed the latest reform to the renminbi exchange rate regime.

"Hong Kong's financial and monetary systems are well established and well prepared for changes of this kind," Mr Ip said. The recent refinements introduced to the Linked Exchange Rate system have strengthened its ability to deliver monetary stability in Hong Kong and to handle the impact of capit