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HKMA

  • 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
  • Chinese Media Claim Hong Kong Is a Safe Place to Invest Amid Global Banking Crisis, Expert Disagrees
    Chinese Media Claim Hong Kong Is a Safe Place to Invest Amid Global Banking Crisis, Expert Disagrees
    News Analysis Amid low investor confidence due to recent bank failures in the United States and Switzerland, Chinese ...
    April 1, 2023BY Kathleen Li and Sean Tseng
  • Bill Ackman Bets Big Against Hong Kong Dollar, Says Currency Peg Doomed to Break
    Bill Ackman Bets Big Against Hong Kong Dollar, Says Currency Peg Doomed to Break
    Billionaire Bill Ackman said that his hedge fund Pershing Square Capital Management has taken a significant short position ...
    November 24, 2022BY Naveen Athrappully
  • Hedge Fund Mogul Questions Peg of Hong Kong Dollar to US Dollar
    Hedge Fund Mogul Questions Peg of Hong Kong Dollar to US Dollar
    Bill Ackman, billionaire founder of hedge fund Pershing Square Holdings Ltd., wrote on Twitter Nov. 24, "By holding ...
    November 24, 2022BY Ruth Lee and Harry McKenny
  • Four CEOs Confirm Not Attending Global Financial Leaders’ Investment Summit in HK
    Four CEOs Confirm Not Attending Global Financial Leaders’ Investment Summit in HK
    The "Global Financial Leaders Investment Summit" being held Wednesday (Nov. 2) claimed to have about 200 financial leaders ...
    November 2, 2022BY Nie Law, Ying Cheung and Harry McKenny
  • 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
  • Behind China and Hong Kong’s Different Responses to US Interest Rate Hikes
    Behind China and Hong Kong’s Different Responses to US Interest Rate Hikes
    News analysis Amid soaring inflation, mainland China and Hong Kong central banks chose to respond in opposing ways ...
    July 3, 2022BY Kathleen Li
  • Hong Kong Fund Managers Lobby Group Urges City Government to Lift Quarantine Rules
    Hong Kong Fund Managers Lobby Group Urges City Government to Lift Quarantine Rules
    Hong Kong’s continued adherence to Beijing’s strict COVID-19 containment policy has severely damaged the city’s financial industry. Last ...
    June 23, 2022BY Winnie Han
  • HKMA Participates in China Central Bank’s Preparation of Countermeasures for US Sanctions
    HKMA Participates in China Central Bank’s Preparation of Countermeasures for US Sanctions
    The Hong Kong Monetary Authority (HKMA) recently admitted that it’s been collaborating with China’s Central Bank on countermeasures ...
    May 19, 2022BY Kathleen Li
  • Hong Kong Raises Interest Rate, its USD-Pegged System May Detonate Asset Bubble
    Hong Kong Raises Interest Rate, its USD-Pegged System May Detonate Asset Bubble
    The Hong Kong Monetary Authority (HKMA) recently announced an interest rate hike after the region’s foreign exchange reserves ...
    May 16, 2022BY Kathleen Li
  • HKD$71.5 Billion Flows Into Hong Kong in One Month
    HKD$71.5 Billion Flows Into Hong Kong in One Month
    Funds worth HKD $71.5 billion (US $9.2 billion) flowed into Hong Kong in April, said Hong Kong Monetary ...
    May 6, 2015BY Li Zhen
  • Hong Kong Bank Rejects Risky Loans to Mainland China
    Hong Kong Bank Rejects Risky Loans to Mainland China
    HONG KONG—As China's economic growth gradually slows down, an increasing number of mainland Chinese companies are taking loans ...
    August 13, 2014BY Li Lingpu
TOP NEWS
  • Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
    NEW By Jack Phillips
    Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
  • Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
    1hr By Savannah Hulsey Pointer
    Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
  • US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
    3hr By Jacki Thrapp
    US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
  • US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
    4hr By Jacki Thrapp
    US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
  • Fascia: The Living, Interconnected Web Behind Movement and Healing–How to Enhance Its Function
    4hr By Mercura Wang
    Fascia: The Living, Interconnected Web Behind Movement and Healing–How to Enhance Its Function
  • Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
    8hr By Lawrence Wilson
    Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
  • US Bankruptcy Filings Increase 7 Percent Yearly
    9hr By Naveen Athrappully
    US Bankruptcy Filings Increase 7 Percent Yearly
  • How a Tiny Insect Decimated Florida’s Citrus, and What Orchardists Are Doing About It
    10hr By Jacob Burg
    How a Tiny Insect Decimated Florida’s Citrus, and What Orchardists Are Doing About It
  • Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
    15hr By Melanie Sun
    Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
  • Kentucky Derby Champion Golden Tempo Wins 2026 Belmont Stakes
    17hr By Ross Kelly
    Kentucky Derby Champion Golden Tempo Wins 2026 Belmont Stakes
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