An anomaly USD/HKD HIBOR

We are seeing USDHKD rates swinging from a low of 7.85 to a recent high of 7.77/7.78 indicating foreign money inflow, but this isn't helping HIBOR which usually should not be the case.

There probably are underlying factors affecting HIBOR which we aren't aware of or are banks afraid to lend to one another causing a strained HIBOR.

The coming months or quarters are likely to give an answer to this anomaly.

Is CS another factor that hasn't been fully taken care of by the market thus causing such strain？

We'll see.