The HKMA spent HK$ 816 million to defend the peg yesterday, or roughly $0.1 billion and 0.02 percent of reserves. Financial markets trend towards the exponential though, so it's going to turn into a problem much faster than the 19 years it would take if the HKMA spent $0.1 billion a day.
ZH: Hong Kong Intervenes, Fails To Rescue Dollar From Breaking Peg
Planetree (0613): breach of Listing Rules: undisclosed loans to South Shore
(ex-0577) and Charles Chan Kwok Keung
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Mr Chan paid interest at 18% p.a. quarterly (19.25% APR) for the loans
totalling HK$26m granted to him in June 2021.
Source: Company announcement | Source d...
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