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PR Newswire
26-09-2019, 02:07 PM
i think HKMA was already well prepared during the AFC days -
"Billionaire financier George Soros has praised the Hong Kong government for thwarting his attempts to undermine the local currency and stock market in 1998 but maintained he had every right to do so.
...
The financier made his comments to China Central Television while in Shanghai on Sunday to give a speech at Fudan University.
'They actually did a very good job defending the Hong Kong dollar, so they deserve credit. And my attack, if you call it that, was without success."
https://www.scmp.com/article/683788/soro...ar-attacks
from the same article - "The attack on the Hong Kong dollar raised fears the government would have to break the peg to the US dollar." considering the HKMA firepower has ballooned since then, some hedge fund is still betting on the case that the peg will fail? hmmmmmm
"Billionaire financier George Soros has praised the Hong Kong government for thwarting his attempts to undermine the local currency and stock market in 1998 but maintained he had every right to do so.
...
The financier made his comments to China Central Television while in Shanghai on Sunday to give a speech at Fudan University.
'They actually did a very good job defending the Hong Kong dollar, so they deserve credit. And my attack, if you call it that, was without success."
https://www.scmp.com/article/683788/soro...ar-attacks
from the same article - "The attack on the Hong Kong dollar raised fears the government would have to break the peg to the US dollar." considering the HKMA firepower has ballooned since then, some hedge fund is still betting on the case that the peg will fail? hmmmmmm