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Battle for Hong Kong Is Shifting to City’s Financial Markets

May 29, 2020

BY Alexander Kalis
MANAGING PARTNER

By Bloomberg

The struggle to maintain confidence in Hong Kong’s future is manifesting in its stock and currency markets. Waves of mainland capital are flooding into equities, especially megacap Chinese banks, countering losses sparked by sweeping national security legislation. Tension is also building in the foreign exchange market, where options and forwards show the pegged currency will reach the weak end of its trading band.

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