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Citi

«The list of challenges for Hong Kong is still stacking up,» said Citi in a report published last month.

«While we have not seen massive capital outflows thus far, 3-month HIBOR nevertheless remains elevated. We reiterate our confidence in the HKD peg, but expect occasional triggering of the weak convertibility band.»

Citi lowered its GDP growth projection to 0.9 percent for 2019 (from 1.5 percent) and 1.7 percent for 2020 (from 2 percent).