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Currency News

Hong Kong's foreign currency reserves up in February

07 Mar 2018 07:18Xinhua
HONG KONG, March 7 (Xinhua) -- Hong Kong's foreign currency reserve assets rose to 443.5 billion U.S. dollars in February from 441.5 billion U.S. dollars in January, the Hong Kong Monetary Authority said on Wednesday. Including unsettled foreign ... more

What the weakest Hong Kong dollar in 30 years means for firms, workers and ...

06 Mar 2018 19:07South China Morning Post
A leading Hong Kong chain store specialising in Japanese snacks and consumer goods has responded to the recent depreciation of the Hong Kong dollar by marking up its products by 3 to 5 per cent. But other businesses believed the weaker local currency ... more

'Hong Kong rates can't stay low forever as pressure mounts'

03 Mar 2018 14:15Gulf Times
A man walks past a directory board of the Hong Kong Monetary Authority. The HKMA said Wednesday the exchange rate is weakening on expectations of faster US rate hikes and a widening spread. more

Kailong Promotes Ivan Ho to HK CEO, Launches USD Fund with $500M Target

07 Feb 2018 11:48Mingtiandi
Hong Kong-based real estate investment manager Kailong is raising a new, US dollar-denominated fund focussing on properties in Greater China, with a target size of $500 million. more

JP Morgan expects mainlanders to continue investing in Hong Kong stocks, as ...

03 Jan 2018 04:41South China Morning Post
A continued stronger yuan against the US dollar should reduce the number of mainland investors still rushing to snap up Hong Kong stocks, to hedge against any future weakening in the Chinese currency. But it certainly won't stop the southbound capital ... more

Hong Kong eyes blockbuster China tech IPO queue, led by Xiaomi

29 Dec 2017 02:37Reuters
But 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. more

Hong Kong hotel operator stocks will rock in 2018

17 Dec 2017 11:26Khaleej Times
There are at least a dozen medium tariff hotels in Hong Kong which estimated to deliver 15 per cent RevPar growth in 2018. "To get rich is glorious". more

Hong Kong money market rate hits nine-year high, pushing up mortgage lending rates

28 Nov 2017 05:31South China Morning Post
Mortgage lending rates rose in Hong Kong on Tuesday, as the city's main benchmark lending rate hit a nine-year high amid strong demand for Hong Kong dollars. One-month interbank rates in Hong Kong rose to 0.9611 per cent, up from roughly 0.367 per ... more
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