{
  "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": 125,
  "pageCount": 151,
  "prevPage": 124,
  "nextPage": 126,
  "slideType": "thesis_headline",
  "function": "frame_situation",
  "density": "dense",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "callout_box",
    "bullet_list",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9b-5d9cdee5e75f/125",
  "deckHref": "/decks/019dd923-622c-750b-8b9b-5d9cdee5e75f",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-5d9cdee5e75f.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-5d9cdee5e75f#slide-125",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.83,
        "x": 0.083,
        "y": 0.215
      },
      "kind": "callout",
      "text": "The March 2012 HK Chief Executive election increases the chances of a near-term revaluation",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9f4e3e2f-59b8-43f5-a14a-12c559cc0e9b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.8,
        "x": 0.095,
        "y": 0.675
      },
      "kind": "list",
      "text": "It would enhance HK’s citizens’ perception of China’s beneficence",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1230f31d-dbb2-474c-82eb-942126abc3f7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.8,
        "x": 0.095,
        "y": 0.325
      },
      "kind": "list",
      "text": "Change tends to happen around political transitions: Outgoing politicians are often less risk averse; Incoming politicians are often most bold when they first take office",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2634a1b9-7570-44ef-aae1-b9557b513e5c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.8,
        "x": 0.095,
        "y": 0.56
      },
      "kind": "list",
      "text": "A revaluation may well materially increase the new Chief Executive’s approval ratings",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e8c9eff6-4b38-4218-bd33-f1d631a40f20",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.5,
        "x": 0.069,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Source: 1 “Previewing the Political Year Ahead: Article 23” – Suzanne Pepper (http://chinaelectionsblog.net/hkfocus/?p=168).",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "298cc0b9-6651-4247-be89-336050496a01",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.35,
        "x": 0.083,
        "y": 0.135
      },
      "kind": "title",
      "text": "Why Now? – 2012 Election",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d41a3c8f-26d2-4ba4-ac08-d7a0476331e6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "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": [
    {
      "to": 130,
      "from": 123,
      "name": "Why Now",
      "slug": "15-why-now",
      "bestFor": "Sales pitches, fundraising, requesting immediate budget approval",
      "matchId": "e86a4552-a292-48af-91d3-f5b6e3431769",
      "evidence": "The presentation argues that the time is right for a revaluation, citing the benefits of mitigating inflation and a potential real estate bubble.",
      "position": 1,
      "objective": "Why now is the right time for a revaluation of the Hong Kong Dollar.",
      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
      "confidence": 0.7,
      "description": "Create temporal urgency by proving that the window of opportunity is opening or closing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}