Hong Kong companies are increasingly seeking American funding despite ongoing U.S. regulatory crackdowns. The urgency for initial public offerings (IPOs) in Hong Kong has been highlighted amid a notable outflow of Chinese capital through mutual funds in the region. The Hong Kong Monetary Authority (HKMA) has reaffirmed that there are no plans to alter the linked exchange rate system with the U.S. dollar, which has been in place for over 40 years. This stability is viewed as essential for maintaining a favorable currency environment. However, experts have raised concerns that a widening interest rate gap between the U.S. and China could diminish Hong Kong's attractiveness as a low-cost fundraising hub, suggesting a potential reevaluation of the city's dollar peg. Recent data indicates that global money market funds have experienced substantial inflows, with investors reallocating $56.19 billion into money markets, reflecting a cautious stance amid economic uncertainties.