Scary thought. The Hong Kong organizing committee for the Asian Games said the other day that it did not have enough cash to host this game. It could not provide an "adequate" level as compared to Macau. Macau, apparently, had more cash to burn for the event. Wait, didn't this same Hong Kong gov't just threw out over 1 billion cash to buy votes? That was, used the surplus $ to pay every resident in HK a cheque? If no cash, then maybe Macau businesses should not accept HK $ used by HK tourists, just as the HK businesses refuse to accept Macau Patacas in Hong Kong.
Wonder how far the HK$ will drop if it were de-peg from US$? I suspect a free fall and taken over by the RMB.
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