Hong Kong needs “real” central bank: opposition politician

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As Congress calls into question the very existence of the Federal Reserve, it may be heartening for central bankers to hear that politicians elsewhere are keen to broaden the mandates of their monetary authorities.

Ronny Ka-Wah Tong, a legislator and founding member of Hong Kong's Civic Party, the territory's main opposition party, is one such official. On Thursday, Tong told a gathering of private- and official-sector bankers and asset managers in Singapore it was vital that the Hong Kong Monet

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