[1] For a period, Hong Kong stores began quoting products in US dollar prices, because of the uncertain fluctuation in domestic currency.
From November 1974 to October 1983, Hong Kong was under a floating rate regime.
The political talks of Hong Kong's handover of sovereignty to China involving UK's Prime Minister Margaret Thatcher's visit to Beijing began to send consumer confidence down in 1982.
The stalling of the Sino-British Joint Declaration also contributed to a pessimistic attitude.
The collection of events eventually resulted in "Black Saturday”, which came in the form of a currency, banking and fiscal crisis.