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foreign currency reserves

  • Hong Kong Banks Rush for Foreign Currency Deposits, Fixed Deposit Rates Surge
    Hong Kong Banks Rush for Foreign Currency Deposits, Fixed Deposit Rates Surge
    'It may reflect a decrease in foreign currencies, especially U.S. dollars, in the balance of the banking system, so we see such arrangements by banks.'
    March 26, 2024BY Michael Ko and Cindy Li
  • Our Trade Deficit Helps Enable Our Fiscal Deficit; Let’s Reverse Both
    Our Trade Deficit Helps Enable Our Fiscal Deficit; Let’s Reverse Both
    Commentary A reader who had read my column, “The Day the Dollar Dies?” back in January wrote me ...
    March 7, 2024BY J.G. Collins
  • Hong Kong’s Central Bank Pours In Cash to Stabilize Its Pegged Currency, Higher Mortgage Rates Ensued
    Hong Kong’s Central Bank Pours In Cash to Stabilize Its Pegged Currency, Higher Mortgage Rates Ensued
    On Aug. 5, Hong Kong’s central bank bought the largest amount of its currency in one day since ...
    August 6, 2022BY Kathleen Li
  • Stabilizing Currency Peg to US Dollar May Be Too Costly for Hong Kong This Time: Expert
    Stabilizing Currency Peg to US Dollar May Be Too Costly for Hong Kong This Time: Expert
    Hong Kong’s central bank has spent over $22 billion in ten weeks to stabilize the exchange rate of ...
    July 31, 2022BY Kathleen Li
  • Hong Kong and China Upgrade Currency Swap Line, Allowing Beijing Access to More Foreign Currency Reserves
    Hong Kong and China Upgrade Currency Swap Line, Allowing Beijing Access to More Foreign Currency Reserves
    Nearly 30 percent of Hong Kong’s foreign currency reserves are now accessible to Beijing after the People’s Bank ...
    July 13, 2022BY Kathleen Li
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