ANZ Chief Economist for Greater China, Yang Yuting: HKD assets worth paying attention to in 2025

Zhitong
2025.01.04 14:21

The Chief Economist for Greater China at Australia and New Zealand Banking Group, Yang Yuting, stated at the 2025 China Chief Economist Forum Annual Meeting that Hong Kong dollar assets are worth paying attention to in the context of a strong US dollar, rising interest rates, and steepening yield curves. Yang Yuting expects the US dollar to remain strong for the next 3 to 6 months, and the yield on 10-year US Treasury bonds may reach 5% within the year. In Yang Yuting's view, under the backdrop of a strong US dollar, rising interest rates, and steepening yield curves, Hong Kong stocks and the Hong Kong dollar are worth noting. In the context of a strong US dollar, if one wants to avoid exchange rate risks, the Hong Kong dollar is an asset to consider. Hong Kong's linked exchange rate system may have advantages in this year's potential strong US dollar environment, and Hong Kong stocks represent high-quality Chinese assets priced in either Hong Kong dollars or US dollars

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