【聯繫匯率】港元掛美元42年，點解而家突然有人提出要重新檢討？【廣東話】

港元同美元掛鈎由1983年行到今日，聯繫匯率為香港換來長期匯率穩定，但同時亦代表本地利率會受到美國貨幣政策深刻影響。去到今日，市場再有人提出：一套行咗四十幾年嘅制度，係咪值得重新檢視？ 今集我唔係想預測「港元會唔會脫鈎」，而係想由1983年聯匯誕生、1997–98亞洲金融風暴，到近年利率、資金流同去美元化討論，一步步拆解背後嘅利益同代價。我自己最關心嘅亦唔係「改定唔改」呢個二元答案，而係香港為咗匯率穩定，到底放棄咗幾多貨幣政策自主權；對供樓、借貸、企業融資同資產配置又代表乜嘢。 如果你想睇清楚聯繫匯率點樣影響香港，而唔只係睇一個「脫鈎／唔脫鈎」嘅新聞標題，呢條片希望可以畀你一個更完整嘅分析框架。 主要資料來源／延伸閱讀 1. South China Morning Post (SCMP) “Hong Kong's US dollar peg faces fresh calls for review – but is change feasible?” Daisy Wu, 7 Aug 2026 SCMP 官方網站： https://www.scmp.com/ 2. Hong Kong Securities & Futures Professionals Association (HKSFPA) “Submission on the 2026 Policy Address”, 4 Aug 2026 HKSFPA 官方網站： https://www.hksfpa.org/en/ 3. CKGSB Knowledge “Should Hong Kong drop its linked exchange rate system?” “Hong Kong's Exchange Rate Debate: What's Next?” CKGSB Knowledge： https://knowledge.ckgsb.edu.cn/ 4. Chartwell Institute / Chartwell Capital 有關 John Greenwood 及香港聯繫匯率制度嘅分析 https://www.chartwell-capital.hk/ 5. Fair Observer “Hong Kong Dollar Peg to Chinese Yuan: A Pragmatic Shift or Risky Gamble?” https://www.fairobserver.com/economic... 6. South China Morning Post “Exchange Fund: how US$574 billion war chest defeated Soros, defended Hong Kong dollar peg in post-handover financial crises” https://www.scmp.com/business/article... 7. CGTN “How Hong Kong survived the 1998 financial crisis” https://news.cgtn.com/news/2019-08-14... 8. Asianometry / Jon Y “How Hong Kong Beat the Speculators” https://www.asianometry.com/p/how-hon... 9. Hong Kong Monetary Authority (HKMA) “Defending Hong Kong's Monetary Stability” — Joseph Yam, 14 Oct 1998 https://www.hkma.gov.hk/media/eng/pub... 10. Hong Kong Monetary Authority Linked Exchange Rate System https://www.hkma.gov.hk/eng/key-funct... 11. World Gold Council Gold Demand Trends / Central Bank Survey 2026 https://www.gold.org/ 12. European Central Bank (ECB) International reserve assets data https://www.ecb.europa.eu/stats/balan... 13. Bullion Trading LLC Central Banks Buying Gold: Inside the Great Dollar-to-Gold Reserve Shift of 2026 https://bulliontradingllc.com/blog/ce... 14. Wikipedia Linked exchange rate system in Hong Kong https://en.wikipedia.org/wiki/Linked_... 15. FXMacroData “The HKMA and the HKD Peg: Inside Hong Kong's Currency Board” https://fxmacrodata.com/articles/hkma... 16. Trading Economics Hong Kong Interest Rate https://tradingeconomics.com/hong-kon... Hong Kong Foreign Exchange Reserves https://tradingeconomics.com/hong-kon... Hong Kong Three Month Interbank Rate https://tradingeconomics.com/hong-kon... 免責聲明 本片內容只作資料整理、歷史回顧同個人分析用途，並不構成任何投資、財務、法律或買賣建議。片中涉及嘅數據、政策同市場資訊可能隨時間更新，觀眾作出任何投資或財務決定之前，應自行核實最新官方資料，並按需要諮詢合資格專業人士。 #聯繫匯率 #港元 #香港經濟 #香港金融 #美元