HONG KONG Message Board

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Strategies & Market Trends : HONG KONG

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To: Julius Wong who wrote (1092)	1/15/1998 12:31:00 AM
From: Tom	Read Replies (1) of 2951

Thank you, Julius. I for one will proceed, believing that the yuan renminbi will not be de-valued. Reasons: the distasteful political ramifications coupled w/ the existence of too many other intentionally unemployed monetary and fiscal devices. The renminbi will go before the peg does. Hong Kong is the jewel in the crown, and will be supported as a beacon of Beijing's resolve and financial acumen. Eventually the yuan will move, but I am not concerned for the after effects unless they be coupled w/ political instability. Should that be the case, a calamity would certainly ensue. Beijing must prove political stability, then they can do as they please w/ the yuan. At the moment their political situation does not support a devaluation. Keep an eye out for news from Beijing at the New Year, as well as Jiang's itinerary.

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