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  "docSlug": "6e4856b01af3",
  "documentTitle": "Hong Kong Dollar / Hong Kong Monetary Authority (HKMA) (HKD)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Capital Management",
  "documentKindSlug": "conference-presentation",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2011-09-14 00:00:00",
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  "density": "balanced",
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  "notes": "The chart uses an inverted Y-axis for the HKD exchange rate to visually demonstrate the correlation with housing prices.",
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  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-5d9cdee5e75f#slide-81",
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      "kind": "callout",
      "text": "Mainland Chinese home buyers are taking advantage of an undervalued HKD. 30% to 40% of luxury new home sales are to Mainland buyers",
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      "kind": "chart",
      "text": "HK Residential Price Index vs Trade Weighted HKD Inverted",
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      "text": "Source: Bloomberg.",
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      "kind": "title",
      "text": "Home Price Inflation Rises with HKD Undervaluation",
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