{
  "docId": "019dd923-622c-750b-8b9b-5d9cdee5e75f",
  "docSlug": "6e4856b01af3",
  "documentTitle": "Hong Kong Dollar / Hong Kong Monetary Authority (HKMA) (HKD)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Capital Management",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2011-09-14 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 114,
  "pageCount": 151,
  "prevPage": 113,
  "nextPage": 115,
  "slideType": "key_takeaways",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 1,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9b-5d9cdee5e75f/114",
  "deckHref": "/decks/019dd923-622c-750b-8b9b-5d9cdee5e75f",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-5d9cdee5e75f.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-5d9cdee5e75f#slide-114",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.85,
        "x": 0.09,
        "y": 0.46
      },
      "kind": "list",
      "text": "The Banks: HKMA data show that banks would not suffer large FX or loan losses on a revaluation",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0420a606-4392-4240-b66f-5e3ff8ec738e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.85,
        "x": 0.09,
        "y": 0.6
      },
      "kind": "list",
      "text": "The HKMA: Has sufficient foreign reserves to ensure that the Monetary Base is covered",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1a5945e8-6513-4371-b744-1aaa317c6323",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.85,
        "x": 0.09,
        "y": 0.71
      },
      "kind": "list",
      "text": "Mainland China: A revaluation could be seen as evidence that HK is addressing its social divide and political tensions",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c6c2c183-cf43-450e-93f9-f469ff120e30",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.85,
        "x": 0.09,
        "y": 0.23
      },
      "kind": "list",
      "text": "Citizens: The purchasing power of savings would instantly rise; The cost of food imports (~30% of the poorest half’s spending) would drop immediately; Real estate appreciation would moderate and rents should stabilize over time",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fad31572-2524-4dc5-8601-aa267e35aa8e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.75,
        "x": 0.07,
        "y": 0.09
      },
      "kind": "source-note",
      "text": "Source: 1 “Half-yearly Hong Kong Economic Report 2011” – Hong Kong SAR Government, p. 97. 2 “Foreign Currency Position” and “Asset Quality of Retail Banks” – Hong Kong Monetary Authority (http://www.info.gov.hk/hkma/eng/statistics/msb/index.htm).",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "951cecbb-1986-4d3d-b33f-614ba52c5c76",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.65,
        "x": 0.08,
        "y": 0.13
      },
      "kind": "title",
      "text": "Revaluation: How are Stakeholders Affected?",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e73c5c21-9826-421a-bb71-1a1a02a9fd3d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Audience Definition",
      "slug": "audience-definition",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "4809d995-89c5-4cd5-b602-69338760a4bb",
      "evidence": "The slide discusses how different stakeholders (Citizens, Mainland China, The Banks, The HKMA) are affected by a revaluation.",
      "confidence": 0.7
    },
    {
      "name": "Stakeholder map",
      "slug": "stakeholder-map",
      "agent": null,
      "layer": "slide",
      "matchId": "eb5214ed-7e54-46bf-9949-54947b6aee53",
      "evidence": "The slide lists various stakeholders and their potential responses to a revaluation.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 130,
      "from": 101,
      "beatId": "953a55fa-6c47-4ede-a618-26c77e4e8d5f",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution (Provide relief)",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "The presentation proposes a solution through a revaluation of the Hong Kong Dollar, which would mitigate inflation and a potential real estate bubble.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}