Hong Kong (HK) adopted the Linked Exchange Rate system in 1983 and it has been operating successfully for more than three decades. However, the maintenance costs of the system have become huge and they might outpace the exit costs, especially under the combined influence of a slow-down of the...

This is the second in-depth report which discusses the possibility that the Kong Kong Dollar (HKD) will cease to be determined by the currency board system. In the previous report, the author discussed the unsustainability of pegging the HKD to the USD when the Chinese economy is deteriorating...

Housing prices in Hong Kong have been rising for more than a decade and recent hikes are mainly driven by Mainland developers in the primary market. Local developers and residents seem to be relatively conservative as the prospects for the Hong Kong housing market have been dim due to low...

Hong Kong (HK) adopted the Linked Exchange Rate (LER) system in 1983, and it has been operating successfully for more than three decades. However, the maintenance costs for the LER system have grown exorbitantly and could outpace the costs of an exit, especially under the combined influence of a...