A liquidity run so bad that it drained even HSBC's cash pile could be harder for the HKMA to manage.

但极差的流动性甚至可能耗尽汇丰的现金储备，这会让HKMA更加难以应对。

HSBC largely operates in American dollars, which the HKMA cannot create, and unlike the Bank of England, the HKMA does not have a dollar swap line from the Fed.

汇丰大规模采取美元结算制度，而HKMA无权发行美元，和英格兰银行不同，HKMA 没有和美联储达成货币互换额度。