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http://www.marketwatch.com/story/has-hong-kong-popped-its-bubble-2012-10-28 (Very good article)
QUOTE "We have no plans to change the Hong Kong dollar peg," Chan said in response to a question from a legislator. The 29-year-old peg has come under pressure recently, as the former British colony, along with other Asian centres, became favoured destinations for funds unleashed by major quantitative easing measures in the U.S., Europe and Japan.
Here is Ackman's Sept 2011 thesis on Hong Kong dollar-> http://stks.co/iEGm