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HKMA
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, 2024
BY
Michael Ko
and
Cindy Li
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, 2023
BY
Kathleen Li
and
Sean Tseng
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, 2022
BY
Naveen Athrappully
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, 2022
BY
Ruth Lee
and
Harry McKenny
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, 2022
BY
Nie Law
,
Ying Cheung
and
Harry McKenny
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, 2022
BY
Kathleen Li
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, 2022
BY
Kathleen Li
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, 2022
BY
Kathleen Li
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, 2022
BY
Kathleen Li
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, 2022
BY
Winnie Han
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, 2022
BY
Kathleen Li
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, 2022
BY
Kathleen Li
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, 2015
BY
Li Zhen
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, 2014
BY
Li Lingpu
TOP NEWS
Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
NEW
By
Jack Phillips
Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
1hr
By
Savannah Hulsey Pointer
US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
3hr
By
Jacki Thrapp
US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
4hr
By
Jacki Thrapp
Fascia: The Living, Interconnected Web Behind Movement and Healing–How to Enhance Its Function
4hr
By
Mercura Wang
Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
8hr
By
Lawrence Wilson
US Bankruptcy Filings Increase 7 Percent Yearly
9hr
By
Naveen Athrappully
How a Tiny Insect Decimated Florida’s Citrus, and What Orchardists Are Doing About It
10hr
By
Jacob Burg
Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
15hr
By
Melanie Sun
Kentucky Derby Champion Golden Tempo Wins 2026 Belmont Stakes
17hr
By
Ross Kelly