As is well known, United States Fed Reserve chairman Ben Bernanke announced a third round of quantitative easing (QE3) in September, and then the Hong Kong dollar did exactly what it has done the two previous rounds of QE: trade at the bottom of its band against the US dollar at HK$7.75.
So far it's unclear whether this is due to money coming from offshore, or because funds holding foreign currency in Hong Kong have decided to buy investments such as stocks and property.
via Business feed http://www.scmp.com/business/money/article/1074659/hong-kong-takes-dollar-down-peg
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