For all the debate of the future of Hong Kong, investors for now anyway are clamoring for the city’s currency. The pegged Hong Kong dollar climbed to the strong end of its permitted trading band late Thursday U.S. time, prompting intervention by the de facto central bank. While concern about looming national-security legislation has spurred spculation about capital outflows, demand for the local currency has risen as investors seek a slice of highly sought share sales in Hong Kong by Chinese tech firms. The schism underscores the discordant views on how Hong Kong will fare amid rising U.S.-China tensions. Beijing is ... (full story)