RMB exchange curb freeing not to affect HK dollar's status: official

Hong Kong Financial Secretary Tsang Chun-wah said on Thursday that the calling off of the 20,000- RMB exchange curb won't affect HK dollar's status.

Before leaving for Australia to attend the G20 Summit, Tsang told Hong Kong media that the special administrative region has succeeded in coping with situations since the U.S. dollar linked up with HK dollar 30 years ago.

He believed lifting Renminbi exchange control has little influence on HK dollar's status.

Hong Kong will call off the 20,000 RMB per person per day limit of Renminbi currency conversions for local residents on November 17, when the Shanghai-Hong Kong Stock Connect launches, Hong Kong Monetary Authority announced on Wednesday.