Story perspectives

Expert Calls HK$150B Fund Withdrawal 'Overblown Concern'

3/9/2026

Summary

Story summary

John Greenwood, who helped establish Hong Kong's dollar peg, says the government's withdrawal of HK$150 billion from the Exchange Fund is not a threat to the monetary system.
He calls concerns about the transfer 'a little overblown'.
Greenwood says reallocating funds from financial investments to infrastructure projects is legitimate and could yield economic returns.
He expresses confidence in the government's prudent approach and its tradition of financial management.

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Story summary

John Greenwood, who helped establish Hong Kong's dollar peg, says the government's withdrawal of HK$150 billion from the Exchange Fund is not a threat to the monetary system.
He calls concerns about the transfer 'a little overblown'.
Greenwood says reallocating funds from financial investments to infrastructure projects is legitimate and could yield economic returns.
He expresses confidence in the government's prudent approach and its tradition of financial management.