Detailed text transcripts for TV channel - CNN - 20110418:08:55:00
Community network, build up the human relationship and put more emphasis on social rather than the economic advantage. >> reporter: we want to give you more context here. hong kong's property prices have risen nearly 69% since january of 2009, according to the investment group clsa. the two main drivers for this roaring growth have been ultralow interest rates and plenty of buyers from the mainland. now, the hong kong dollar is pegged to the u.s. dollar. so the hong kong monetary authority has little choice but to match its behavior to that of the federal reserve. that means hong kong's base r...
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