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Currency News

Problems Near, Far Ram Hong Kong Stocks

03 May 2018 04:45Wall Street Journal (blog)
Issues away from Hong Kong also weighed on stocks Thursday. Aside from the Hong Kong dollar's weakness, potential fresh U.S. more

Banks Seeking Hong Kong Deposits Push Rates as High as 3%

01 May 2018 16:15Bloomberg
The aggregate balance of the city's banking system may drop to only a few billion Hong Kong dollars in the coming months as the Hong Kong Monetary Authority continues to mop up liquidity to defend the currency's dollar peg, said Ryan Lam, head of ... more

Explainer: What ails the Hong Kong dollar? It is the carry trade

08 Mar 2018 00:33South China Morning Post
The Hong Kong dollar, the fourth biggest loser among Asian currencies this year against the US dollar, strengthened for the first day in six on Thursday, as it crawls its way out of the lowest end of a trading band in more than three decades. more

Hong Kong stocks advance after intraday slide

28 Feb 2018 23:31Nikkei Asian Review
Sino Land advanced 3.3% after saying that its net profit more than tripled to 10.37 billion Hong Kong dollars ($1.32 billion) for the half-year ended Dec. 31, helped by one-off gains and a higher revaluation surplus on investment properties. more

Holiday shopping swings up

20 Feb 2018 14:03Hong Kong Standard
Leng Yen-thean, executive director of Wharf Real Estate Investment Co (1997), said Harbour City recorded a average of 210,000 visitors daily during the Lunar New Year holiday - a 9-percent jump from last year. more

Table for Two: Ant Financial, OpenRice Sign Hong Kong Dining Deal

19 Jan 2018 05:37Caixin Global
The deal underscores Alipay's “commitment and confidence towards the future of Hong Kong,” said Ant CEO Eric Jing. Ant and mobile payments rival WeChat have been expanding beyond the mainland in recent years. more

Hong Kong dollar hits 3-month low amid robust greenback demand

19 Dec 2017 03:56Reuters
HONG KONG, Dec 19 (Reuters) - The Hong Kong dollar on Tuesday fell to its weakest against the U.S. dollar in three months, triggered by strong demand for the greenback as the year draws to a close, analysts said. more

How a Few Hot IPOs Hit Hong Kong Stocks

20 Oct 2017 01:22Bloomberg
But the city needs to be careful what it wishes for, especially when the Hong Kong Monetary Authority is mopping up liquidity to manage the local currency's peg to the U.S. more
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