Keeping A Distance From Dollarization

In "A heavy hand in Hong Kong" (Asian Business, Sept. 7), the article quotes sources saying that "Hong Kong's elite Central Policy Unit is at least exploring dollarization [of Hong Kong's monetary system] with Washington." This is unfounded. We have not looked into the issue of dollarization, and we have not been in touch with Washington.

Gordon K.C. Siu

Head, Central Policy Unit

Government of Hong Kong

Special Administrative Region

Hong Kong

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