---
title: "Hong Kong Plans No Further Withdrawals from Exchange Fund in Next Five Years"
description: "Hong Kong's Financial Secretary, Paul Chan, announced that there will be no further withdrawals from the Exchange Fund in the next five years. This follows a previous proposal to withdraw HK$150 billi"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/277400533.md"
published_at: "2026-03-02T03:53:39.000Z"
---

# Hong Kong Plans No Further Withdrawals from Exchange Fund in Next Five Years

> Hong Kong's Financial Secretary, Paul Chan, announced that there will be no further withdrawals from the Exchange Fund in the next five years. This follows a previous proposal to withdraw HK$150 billion (US$19 billion), the first since 1984. The Exchange Fund is vital for maintaining the Hong Kong dollar's peg to the U.S. dollar, and Chan stressed that future withdrawals should not become routine, as the fund is essential for financial stability and investor confidence.

Hong Kong's Financial Secretary, Paul Chan, has announced that there are no plans to withdraw funds from the Exchange Fund over the next five years. According to ChainCatcher, Chan had previously disclosed a proposal to transfer HK$150 billion (US$19 billion) from the fund, marking the first such withdrawal since 1984. The Exchange Fund is primarily used to maintain the stability of the Hong Kong dollar's peg to the U.S. dollar, ensuring it trades within the range of 7.75 to 7.85. Chan emphasized that future withdrawals are not intended to become a routine practice, as the fund plays a crucial role in supporting financial stability and investor confidence.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.