Borrowing in a weak HK dollar with funding rates below U. S. Libor makes the Hong Kong currency arguably one of the best funding vehicles for global currency traders, say Nomura.

野村证券称，港元不仅在汇率上处于弱势，而且港元贷款的利率要低于伦敦银行同业拆息，这使得港元成了全球货币交易员最理想的一种举借货币。

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The peg is maintained at HK$7.8 to US$1 and forces the Hong Kong Monetary Authority to track currently low US interest rates, encouraging speculative flows into the property and stock markets.

美元兑港币的联系汇率保持在7.8港元，这迫使香港金融管理局（Hong Kong Monetary Authority）目前追随美国保持低利率，鼓励了投机资金流入房地产市场和股市。

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PRICE: The currency manifesting the price shall be the basis currency of payment, unless otherwise specified, US $ means the U. S. Doitars, HK $ the Hong Kong Dollars, ? the Pound Sterling.

除非另作指定，表示价格的货币将是付款的基本货币，US$表示美元，HK$表示港币，? 表示英镑。

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In May, dealers exhibiting contemporary art at Art HK in Hong Kong said they found buyers quickly for their best few pieces yet struggled to unload the rest.

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You will recall Google announced in January it would stop censoring its searches in China, then in March pulled the plug on its Google.cn search engine and began redirecting users automatically to its uncensored Hong Kong site, google.com.hk.

FORBES: Google In China: It Doesn't Look Good

Others are also likely saving up for next month's Art Basel, the Swiss contemporary art fair whose owner MCH Group recently bought a majority ownership stake in Art HK. (Next spring, Art HK will be renamed Art Basel Hong Kong.) The fair closes Sunday.

WSJ: Hong Kong: The Next Global Art Powerhouse