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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: synchro who wrote (866)	11/12/1997 4:06:00 AM
From: Tom	Read Replies (2) \| Respond to of 2951

Add also, that for a number of reasons, it is now more dangerous for the speculators to attack the HK currency outright. One being, with the HSI below 10000 the short side does not provide much of a hedge. I was reading tonight that the "foreign" banks in Hong Kong are the one's with the greatest exposure where rates are concerned. NatWest did an entire analysis on the subject. We know too that China has their hands full offloading those SOE's. It doesn't need the distraction of currency problems. I'm looking for an innovative solution, and don't think I'm asking for too much. Of course, then, who am I?