pricing mechanisms, making
Furthermore, excessive reliance on Mainland capital could undermine the independence and openness of the market’s pricing mechanisms, making it harder for Hong Kong to attract long-term diversified capital, which could further accelerate the outflow of foreign capital. The Hong Kong dollar exchange rate would then face a new round of volatility pressure, and the linked exchange rate system would bear a more complex intervention burden. These interventions come at a cost and require continuous injection of fund. Once the fund runs out, there is little that can be done unless the central government steps in to provide support. ดูหนังออนไลน์