Hong Kong is a Chinese city under Chinese sovereignty and we must not be ruled by the Fed in US nor Wall Street. To save the local economy of Hong Kong, I think we must seriously consider the following:
- Decouple the Hong Kong economy from the Hong Kong Stock Casino
- Release the regulatory role of the Hong Kong Stock Casino and subject it to legal sanction by the regulators in the Central Government and the local authority
- Abolish the peg between HKD and USD without further delay
- Sell all USD and USD-denominated assets in the reserves of HKSAR
- Restore Hong Kong to a pure Chinese city and get rid of the dying Democrats and Pan-Democrats who are not serving the true interest of the poor in Hong Kong
- Tell HSBC to go back to Europe and abolish its role for printing money in Hong Kong
- HSBC acts according to the moves of the Fed and should leave Chinese territory
- Replace HSBC by ICBC and BOC
- Tell the big landlords in Hong Kong to go North to develop and promise them prosperity
- Instead of printing money, suspend tax collection in Hong Kong for one year or longer until we are out of recession
- Merge Hong Kong with Shenzhen and Macau to form a new economic entity
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