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In fact, there are options that are more effective and beneficial to the US. One of them is to provide what I would call “financial refugee” to Hong Kong people.
What if I tell you, behind the boring news headline, there is actually a wonkish story about how the Hong Kong central bank took advantage of the monetary easing by the Fed in the last 12 year and created a new set of policy options that it can now use to actively mange the inflows created by the new round Fed easing under the Great Lockdown.