香港联系汇率制度的困境与改革方向

The Dilemmas and Reform Direction of Hong Kong's Linked Exchange Rate System

在人民币持续存在升值预期的背景之下,香港联系汇率制度也在经受着考验。香港联系汇率制度的运行存在着几大困境,面对这些困境,港币汇率制度改革的方向应该走人民币化的道路,但改革的路径必须和中国大陆金融市场改革的路径相协调。

Under the background of the sustainable existence RMB appreciation expectancy,Hong Kong's linked exchange rate system withstands the challenges. Facing to some dilemmas of Hong Kong's linked exchange rate system,the reform direction of Hong Kong dollar exchange rate should walk on the way of RMB. And the reform methods must be coordinate with the financial market reform in mainland.