| 22 Feb 2018 18:00 | Stansberry Churchouse Research (blog) |
Because the Hong Kong dollar is pegged to the U.S. dollar, Hong Kong “imports” U.S. monetary policy. The Hong Kong Monetary Authority (the equivalent of the Federal Reserve) is tasked with maintaining the peg, so Hong Kong must follow U.S.
more| 21 Feb 2018 20:49 | South China Morning Post |
A plan to build an ice rink in Discovery Bay has been labelled both “very strange” and a “great opportunity” amid a mixed reaction from residents and the wider sports community.
more| 16 Feb 2018 15:45 | Daily Mail |
Close to a million online trivia players are hanging their heads in shame after being stumped by a question on Thursday. HQ Trivia, an app that holds twice-daily live game shows for users, was in the middle of its Thursday night show when it asked the ...
moreDeclines in the dollar have come as U.S. Treasury yields have hit four-year highs and as stronger-than-expected U.S. inflation has bolstered bets that the Federal Reserve could increase interest rates as many as four times this year.
moreBEIJING, Jan. 4 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 23 major currencies announced on Thursday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in ...
moreBut Hong Kong, the world's biggest equity capital-raising center for four of the last 10 years, is looking to revive its appeal and this month announced plans to allow dual-class shares as it tries to attract Chinese tech listings.
moreHong Kong's interest rates typically react to U.S. monetary policies due to the Hong Kong dollar's peg to the greenback.
more| 20 Jan 2016 21:45 | EJ Insight |
Hong Kong should maintain its dollar peg as the cornerstone of stability in its financial system, given its small open economy, the International Monetary Fund said.
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