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  "documentTitle": "Hong Kong Dollar / Hong Kong Monetary Authority (HKMA) (HKD)",
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  "authorName": "Pershing Square Capital Management",
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  "presentationDate": "2011-09-14 00:00:00",
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      "text": "The RMB has appreciated by 30% since 2005 and officials have indicated that it will continue to appreciate¹",
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      "text": "HKD's trade-weighted value will continue to fall as China, HK's largest trading partner, steadily strengthens its own undervalued currency. The Yuan's strengthening recently accelerated after the July U.S. credit downgrade",
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