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HKMA
Hong Kong’s Central Bank Pours In Cash to Stabilize Its Pegged Currency, Higher Mortgage Rates Ensued
On Aug. 5, Hong Kong’s central bank bought the largest amount of its currency in one day since May 12—HK$14.161 billion (about $1.80 billion)—to stop it from weakening further and ...
August 6, 2022
BY
Kathleen Li
Stabilizing Currency Peg to US Dollar May Be Too Costly for Hong Kong This Time: Expert
Hong Kong’s central bank has spent over $22 billion in ten weeks to stabilize the exchange rate of ...
July 31, 2022
BY
Kathleen Li
Hong Kong and China Upgrade Currency Swap Line, Allowing Beijing Access to More Foreign Currency Reserves
Nearly 30 percent of Hong Kong’s foreign currency reserves are now accessible to Beijing after the People’s Bank ...
July 13, 2022
BY
Kathleen Li
Behind China and Hong Kong’s Different Responses to US Interest Rate Hikes
News analysis Amid soaring inflation, mainland China and Hong Kong central banks chose to respond in opposing ways ...
July 3, 2022
BY
Kathleen Li
Hong Kong Fund Managers Lobby Group Urges City Government to Lift Quarantine Rules
Hong Kong’s continued adherence to Beijing’s strict COVID-19 containment policy has severely damaged the city’s financial industry. Last ...
June 23, 2022
BY
Winnie Han
HKMA Participates in China Central Bank’s Preparation of Countermeasures for US Sanctions
The Hong Kong Monetary Authority (HKMA) recently admitted that it’s been collaborating with China’s Central Bank on countermeasures ...
May 19, 2022
BY
Kathleen Li
Hong Kong Raises Interest Rate, its USD-Pegged System May Detonate Asset Bubble
The Hong Kong Monetary Authority (HKMA) recently announced an interest rate hike after the region’s foreign exchange reserves ...
May 16, 2022
BY
Kathleen Li
HKD$71.5 Billion Flows Into Hong Kong in One Month
Funds worth HKD $71.5 billion (US $9.2 billion) flowed into Hong Kong in April, said Hong Kong Monetary ...
May 6, 2015
BY
Li Zhen
Hong Kong Bank Rejects Risky Loans to Mainland China
HONG KONG—As China's economic growth gradually slows down, an increasing number of mainland Chinese companies are taking loans ...
August 13, 2014
BY
Li Lingpu
TOP NEWS
Australian Energy Minister Hopes US-China Climate Talks Can Be ‘Ring-Fenced’ From Taiwan Tensions
NEW
By
Daniel Y. Teng
‘End CCP’ Rally Warns of Communist Infiltration, Subversion
2hr
By
Petr Svab
Democrat Beto O’Rourke Gets Mixed Reception at Rural Texas Campaign Stop
3hr
By
Darlene McCormick Sanchez
‘Woke’ Military Policies to Blame for Recruitment Crisis, Servicemembers Say
5hr
By
J.M. Phelps
As Family Farms Dwindle Nationwide, a 93-Year-Old Farmer Retires
6hr
By
Karen Mahoney
Cartel Imposes Curfew on Border City Near California as US Embassy Issues Alert
7hr
By
Jack Phillips
Cruise Line Makes Major Change in COVID-19 Policy for Unvaccinated Passengers
7hr
By
Jack Phillips
Nurses Who Left the Health Care System to Focus on Early Treatment Describe ‘Brutal’ COVID-19 Treatment Protocols
7hr
By
Matt McGregor
UCLA Creates Database to ‘Track Attacks on Critical Race Theory’
7hr
By
Carol Cassis
Former White House Chief of Staff Never Witnessed ‘Intentional Destruction of Important Papers’
9hr
By
Hannah Ng