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Strategies & Market Trends : HONG KONG
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To: RealMuLan who wrote (1228)1/27/1998 8:52:00 PM
From: Richard Tsang   of 2951
 
Yiwu, well said. Thanks.

One other important point that supports the peg is thefear of potential loss by international banks who have significant exposure in both HK and China that would not want a capital flight from the territory resulting in huge losses due a break in the peg. My point is, there are more than just China/Chinese wanting the peg to stay.

Gong Xi Fa Cai.
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