Originally Posted by freeier:
according to someone i know who has had conversation with HKMA pax, the likelihood of an unpeg of the HKD to USD is small (that's part of the reason why i have been logging into my DBS HK account everyday in the past few weeks to change for CNY subject to the 20k CNY per day limit).
i. the peg has been there since like 14 years ago ?
ii. HK has strong reserves to protect it.
iii. The cost/price differential between HK and mainland is too huge, this is a chance for them to bring the level closer.
i'd think its a fairly logical argument.