Your intervention in the Hong Kong stock market was condemned almost universally six months ago. Now, according to our poll [see box], it has widespread support. Does that surprise you?
Let’s put that in context. You said universally condemned. It was a very popular move in Hong Kong. It stabilized the market almost immediately. It also reassured long-term investors that this wasn’t a Wild West market.
When I travelled in Europe and the US two months after our incursion in the market, I frankly found all my central bank and finance minister colleagues concurred with my moves.
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