Share this postHong Kongbasedmoney.substack.comCopy linkFacebookEmailNoteOtherHong KongBased MoneyApr 20, 20242Share this postHong Kongbasedmoney.substack.comCopy linkFacebookEmailNoteOtherShareHere’s a ratio chart of the Hang Seng Index vs Hong Kong’s GDP. The inverse is a little clearer on the lows:Share