Hedge fund manager Kyle Bass is betting Hong Kong dollar crash. I cannot find any Hong Kong dollar currency options available on Interactive Brokers. Do you guys have some ideas how to make such bet?
Maybe, will pull out a big short like Acman did, but so far hes crushing it. https://www.tipranks.com/hedge-funds/kyle-bass
There is nothing to see in HKD peg..it is not a currency peg of a weak and inexperienced jurisdiction. It is fully backed and managed by a highly capable monetary authority of a AAA-rated region. Unless US fully strips HK off its special status, such that HK has difficulty getting its hands on USD, there is nothing to see. But if you want, HSBC and HKEx are clearly proxies for HK, if you dare to pay the carry. Also with the strong pipeline of jumbo IPOs, HKD will stay at the upper band and carry high. Bass' talk is assumption based on assumptions
even in the case of the highly long-tail event of an unpeg, Bass is assuming HKD will fall sharply. What if it remains a (chinese) financial hub and converges towards CNY instead. I wouldn't bet against HKD for now.