The Hong Kong dollar held steady at the top end of its trading band against the US dollar on Friday, despite a recent correction in the domestic stock market. A trader at a local bank said investors were likely to keep their funds in Hong Kong, given low interest rates around the world and optimism over China's economic growth.
Hong Kong has attracted record fund inflows of more than $70 billion since October last year. The HKD is pegged at 7.80 to the US dollar but can trade between 7.75 and 7.85.