Lessons from 1997 show it’s scary being a bear on the Hong Kong dollar

This was enough to kill off the hedge fund attack as local banks could only raise funding for their own needs, so there were no Hong Kong dollars left to finance short sellers. This time around it will be the first defence of the 7.85 level and the HKMA …
( read original story …)


Related Post

Opening a Bank Account in Hong Kong: Challenges an...
views 4
Hong Kong – an international business hub and gate...
Hong Kong University Receives $20 Mln Research Gra...
views 7
The Hong Kong University of Science and Technology...
Digital payment fight brewing in Hong Kong
views 11
HONG KONG: Hong Kong's shopping districts are well...
Hong Kong: HANG SENG INDEX (.HSI) ended 0.8 percen...
views 15
The Shanghai Composite Index .SSEC closed down 0.6...
Hong Kong Dollar Funding Costs Surge After HKMA De...
views 14
Hong Kong’s interbank borrowing costs climbed acro...
Hong Kong Spends $2.1 Billion This Week to Defend ...
views 15
(Bloomberg) -- Hong Kong’s currency interventions ...
Industrial Bank Co., Ltd creates Hong Kong private...
views 17
Fuzhou-headquartered Industrial Bank Co., Ltd, one...
Industrial Bank Co., Ltd creates new Hong Kong Pri...
views 17
Fuzhou-headquartered Industrial Bank Co., Ltd, one...
Digital payment firms fight for Hong Kong market
views 18
HONG KONG (Reuters) - Hong Kong’s shopping distric...
Hong Kong politician: Trump should target us in tr...
views 16
A controversial Hong Kong politician wants the Uni...