The ongoing political crisis in HK has taken its toll on its economy (as it is now in technical recession according to its CEO Carrie Lam ) and quietly, money is leaving the country - the HK Monetary Authority have had to defend its currency peg with the US by intervening in the forex market as well as pumping billions of HK$ into the monetary system to ensure liquidity.
It is truly sad that HK has come to this state and if this stalement continues indefinitely, the currency peg may have to give way, at least according to Kyle Bass.
https://www.zerohedge.com/news/2019...hong-kongs-looming-financial-political-crisis
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