SINGAPORE/HONG KONG (Reuters) -U.S. President Donald Trump's erratic policies are rattling a currency peg that has withstood the test of time and is seen as an anchor for China and Asia. The Hong Kong ...
HONG KONG/SHANGHAI (Reuters) -Hong Kong's de facto central bank said on Thursday it bought US$1.2 billion worth of Hong Kong dollars after the local currency hit the weak end of its trading band. The ...
Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder. Whenever the Federal Reserve turns ...
Hong Kong’s policymakers are getting close to stage an unusual intervention to cap the local dollar’s gains, as the greenback plummets due to raging trade tensions between US and China. The city’s ...
HKMA and SFC blueprint to drive multicurrency issuance, with green finance and Bond Connect widening investor base.
The Hong Kong currency peg, in its present form, has existed since 1983. However, some Hong Kong observers have begun to question whether the HK dollar’s link to the US dollar is relevant and in the ...
Hong Kong is ramping up efforts to expand the use of local currencies across the Asia-Pacific region, including developing a local currency debt market, as part of a push to hedge against rising ...
Many things have changed since the pandemic, including Hong Kong shopping habits. Nowadays, Hong Kong residents often head across the border to shop on the Mainland, putting together fun daytrips that ...
The Hong Kong Monetary Authority has sold over a 100 billion in Hong Kong dollars in the foreign-exchange market this month, as the Hong Kong currency’s strength threatens its peg to the U.S. dollar.
Hong Kong-listed stocks will be priced in yuan on Monday, giving China's currency another boost. Two dozen stocks, including Alibaba and Tencent, will be traded in the yuan and the Hong Kong dollar.
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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...