Eddie Yue Wai-man, Chief Executive of the Hong Kong Monetary Authority. Photo: Winson Wong Eddie Yue Wai-man, Chief Executive of the Hong Kong Monetary Authority. Photo: Winson Wong
Eddie Yue Wai-man, Chief Executive of the Hong Kong Monetary Authority. Photo: Winson Wong
HKMA

Hong Kong tells currency bears to watch out for mega IPOs as Kyle Bass capitalises on slump to tweet peg’s demise

  • Hong Kong’s currency weakened to a one-year-low of about 7.77 per US dollar on March 8 as local stocks slumped from February’s peak
  • Mega IPOs to be a magnet for capital inflows, just like in 2020 when US$50 billion entered the city and forced the biggest intervention since 2009: HKMA

Topic |   HKMA
Eddie Yue Wai-man, Chief Executive of the Hong Kong Monetary Authority. Photo: Winson Wong Eddie Yue Wai-man, Chief Executive of the Hong Kong Monetary Authority. Photo: Winson Wong
Eddie Yue Wai-man, Chief Executive of the Hong Kong Monetary Authority. Photo: Winson Wong
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