PREVIEW

... the bank to return the excess position, causing currency speculators to close their positions at a higher loan interest rate.

Regarding the short selling behavior of currency speculators (hedge funds), the officials of the Monetary Authority are very clear, nothing more than using their US dollar funds as a guarantee, borrowing the corresponding Hong Kong dollar funds at the loan interest rate, and then selling them in the foreign exchange market, while shorting futures exchange Contracts ...

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