AmCham HK

The American Chamber of Commerce in Hong Kong is one of the largest American Chambers outside the US, the largest international chamber in Hong Kong and the most dynamic and influential international business organization in the Asia-Pacific region.

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Event Details

The Hong Kong dollar peg, also known as the Link Exchange Rate System (LERS), will soon approach its 40th anniversary on Oct 17. The LERS has served Hong Kong well over the years, allowing for a stable currency to build Hong Kong into an international financial center and commercial hub.

However, in recent years, the cost of maintaining the peg has become much higher: a large amount of its foreign reserve has been used to keep the local currency to $7.75-7.85 per US dollar. The interest rate gap between the Hong Kong dollar and the greenback and high property prices have put more pressure on the peg. In addition, due to higher geopolitical risks and trade sanctions and fraught US-China relations, there have been calls to delink the US dollar.

As the Hong Kong economy has evolved enormously since 1983, is LERS still relevant in today's economic environment? Do the benefits of LERS outweigh the costs? Several countries are seeking alternatives to the US dollar, what does it mean to the peg in the long run? Is it a big moment for renminbi to be internalized?

Please join us for an exclusive session with Daniel Fung, Vice Chairman of Financial Services Development Council, and Remi Hayek, Senior Advisor of Hong Kong Monetary Authority, on Monday, September 4, to take stock of the future of the peg and what it means for Hong Kong as an international financial center. This session will be moderated by Dr Eden Woon, AmCham President.


  • This event is closed to the media and held under Chatham House rules
  • Light lunch will be provided


Daniel Fung (Vice Chairman at Financial Services Development Council)

Daniel Fung

Vice Chairman at Financial Services Development Council

Rami Hayek (Senior Advisor at Hong Kong Monetary Authority)

Rami Hayek

Senior Advisor at Hong Kong Monetary Authority

Eden Woon (Moderator) (President at AmCham Hong Kong)

Eden Woon (Moderator)

President at AmCham Hong Kong

Sponsors and Partners


Member PriceHKD 350



The American Chamber of Commerce in Hong Kong
22/F Hong Kong Diamond Exchange Building, 8-10 Duddell Street
AmCham Community Hub, Hong Kong SAR (China)

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Cancellation Policy

  • Cancellations must be provided in writing to: at least seven working days prior to in-house events.
  • Registrations for events held outside the AmCham HK office are non-cancellable and non-refundable. No-shows will be charged.
  • When Typhoon 8 (or above) or Black Rainstorm Signal is hoisted, all events will be canceled