The Hong Kong dollar will not be affected by the lifting of the daily cap on renminbi conversion for local residents.
Financial Secretary John Tsang made the statement at the airport today before leaving for Australia to attend the Group of Twenty Leaders' Summit to be held this weekend.
He said the Linked Exchange Rate System has served Hong Kong well for three decades and believes the city will not be affected by the renminbi cap removal.
However, the prolonged Occupy Central protests are affecting the local economy and foreign investment in Hong Kong, he added.
