Page 83 - HK-Connect-2020-21-EN-Nov2020-edition (4)
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The HKSAR Government successfully
1998
1998 defended the local currency’s link to the US
dollar by warding off international speculators
through the purchase of HK$118 billion
(US$15.2 billion) worth of stocks and futures
in two breathtaking weeks of trading, and
restored financial stability during the Asian
financial crisis.
The runway at the former Kai
Tak Airport in the 90s.
The new Hong Kong International Airport at Chek Lap Kok began
operation, taking over from its predecessor, Kai Tak Airport. Since
then, it has become one of the busiest in the world.
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