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To: Tunica Albuginea who wrote (37695)	10/26/1997 11:28:00 PM
From: Gary Ng	Respond to of 186894

TA, about HK and China China's reserve is more or less the same as HK. So it is a total of around 20 billion. > HK people are much more sophisticated than Malaysia. You weren't here in 82. We did not just convert to US$ but rice, food. People in HK react fast and sometimes way too fast. However, this time the short sellers panics our SAR government and they are making very stupid move IMO. I would agreed with Jim that breaking the peg is the best solution otherwise, I won't be surprised to see another rate hike before year end. Gary