Hong Kong’s Property Market Is a Mess

 Hong Kong’s notoriously expensive property market is often seen as a barometer of the city’s economy. It isn’t looking good.

Hong Kong dollar’s peg to the U.S. dollar forces monetary authorities in the city to track U.S. interest-rate decisions, limiting their ability to stimulate the property sector and the wider economy. 

Wall Street Journal 2 August 2023

https://www.wsj.com/articles/hong-kongs-property-market-is-a-messand-the-fed-is-partly-to-blame-22ac7ebe

The Hong Kong Dollar

 Pegged to the U.S. dollar since 1983, the Hong Kong dollar is usually a dull currency. Except when it isn’t.

Bloomberg 1 augusti 2022 

https://englundmacro.blogspot.com/2022/08/the-hong-kong-dollar.html

The Hong Kong dollar has fallen to a 33-year low and is testing the limits of the enclave's currency board regime

Ambrose Evans-Pritchard Telegraph 14 MAY 2019

https://englundmacro.blogspot.com/2019/05/the-hong-kong-dollar-has-fallen-to-33.html