HONG KONG, March 7 (Reuters) - The Hong Kong dollar hit its weakest levels in 33 years on Wednesday as a lingering excess of liquidity in interbank markets has pushed the difference between local and U.S.
more| 04 Dec 2017 06:45 | South China Morning Post |
Hong Kong's Mandatory Provident Fund, which covers 2.8 million employees and self-employed people in the city, has reaped a 19 per cent return for the first 11 months, making it on track to post its best yearly performance since 2009, according to data ...
moreAnd its two mainland stock exchanges are now connected to Hong Kong, providing easier access for mainland investors who want to diversify into Hong Kong dollar denominated securities. Stocks in Shanghai and Shenzhen are highly volatile, with the ...
more| 08 Mar 2017 19:28 | South China Morning Post |
“As it's almost 100 per cent certain that the Federal Reserve will raise interest rates this month, the Hong Kong bourse is facing mounting pressures of possible capital outflows,” said Hannah Li, an analyst at UOB Kay Hian.
more| 08 Mar 2017 18:22 | Nikkei Asian Review |
Lau, 65, announced that he would divide his 17 billion Hong Kong dollar ($2 billion) business empire between his loved ones early March.
more[nL4N1E227Z] Also encouraging southbound flows is the opportunity to hedge against yuan depreciation, as the local Hong Kong dollar is pegged to the greenback. That, coupled with expectations for improved earnings and cheaper valuations, could keep ...
more| 19 Jan 2017 19:32 | Barron's |
Its connection with its parent gives it a large base of Chinese companies as customers, and stable deposits. It also gets preferential treatment from China's government in securing cross-border settlement business, like the Shanghai-Hong Kong Stock ...
more| 19 Jan 2017 19:17 | South China Morning Post |
The Hong Kong stocks' American Depository Receipts (ADRs) followed losses in the US benchmark indexes. After conversion into Hong Kong dollar, HSBC's ADRs closed at HK$64.86, down 0.15 per cent from its Hong Kong shares' Thursday close. Lenovo ...
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