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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
Trump Denounces Communism, Touts Trump Accounts for Children in Georgia Speech
NEW
By
Travis Gillmore
The New Cholesterol Pill Isn’t for Everyone. Here’s How to Tell.
NEW
By
Sheramy Tsai
Senate Panel Advances Bill to Make Hospitals Compete on Price
2hr
By
Lawrence Wilson
House Adopts Budget Blueprint for $95 Billion Reconciliation Package
2hr
By
Jackson Richman
House Passes Congressional Stock Trading Ban
2hr
By
Jackson Richman
and
Nathan Worcester
US Signs Nuclear Cooperation Deal With Saudi Arabia
2hr
By
Emel Akan
House Passes Defense Policy Bill That Attaches SAVE America Act
3hr
By
Jackson Richman
Allergy Medication Recalled Over Possible ‘Life-Threatening’ Risks
3hr
By
Jack Phillips
US, Ukraine Sign Agreement for Drone Testing
4hr
By
Jill McLaughlin
White House Says NJ Noncitizen Voter Error Suggests Need for SAVE America Act
4hr
By
Jack Phillips