Tuesday, 21 May 2013

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Recent News

  • Hong Kong Diversifies Its Bond Investors - Tax-News.com

    23:26 | 10/5/13
    Tax-news.com
    On being asked whether it is planned to issue renminbi-denominated bonds or bonds denominated in other foreign currencies, Chan pointed out that only HKD bonds are issued under the GBP at present, in order to broaden the scale of the Hong Kong dollar ... more»

  • It's becoming harder to buy and sell gold in Hong Kong

    07:33 | 7/5/13
    Business Insider
    Hang Seng quoted me the Hong Kong dollar equivalent of spot gold. But, the Bank of China quoted me 4.5% ABOVE the spot price of gold. more»

  • Hong Kong not gaining from peg

    07:00 | 6/5/13
    South China Morning Post
    The peg increases inflation, due to our inability to adjust the upward strength of the Hong Kong dollar. Whatever labour productivity gains are made by our hard-working middle class are not reflected in a stronger dollar as the Hong Kong Monetary ... more»

  • PRESS RELEASE: HKMA End-March Exchange Fund Assets HK$2.886 Trillion

    21:41 | 30/4/13
    Fox Business
    Foreign currency assets increased by HK$5.2 billion, while Hong Kong dollar assets decreased by HK$14.9 billion. The rise in foreign currency assets was mainly due to valuation gains on foreign currency investments. more»

  • Pegging Hong Kong dollar against yuan 'could take years'

    08:33 | 30/4/13
    South China Morning Post
    The yuan will eventually be a feasible currency for Hong Kong to peg its dollar against, in place of the US dollar, said John Greenwood, known as the "father of the Hong Kong-dollar peg". However, Greenwood said, the yuan must be fully convertible and ... more»

  • Hong Kong's raw capitalism under strain

    13:01 | 29/4/13
    MarketWatch
    Dock workers in Hong Kong earn on average 18,000 Hong Kong dollars ($2,300) a month, which is about one-third the rate of their counterparts in Australia. more»

  • Hong Kong to launch interbank rate for offshore renminbi

    00:54 | 26/4/13
    Financial Times
    The Hong Kong authority will base the rates on contributions from at least 15 banks in a similar way to how it currently calculates the Hong Kong interbank offered rate (Hibor), which is for Hong Kong dollar-based transactions. The rates will be ... more»

  • Gold price closes higher in Hong Kong

    23:12 | 23/4/13
    Shanghai Daily (subscription)
    HONG KONG, April 23 (Xinhua) -- The gold price in Hong Kong moved up 2 HK dollars to close at 13,230 HK dollars per tael on Tuesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,431.12 U.S. dollars a troy ... more»

  • Hong Kong activists try to block quake donations over corruption fears

    08:22 | 23/4/13
    South China Morning Post
    "HK$100 million could be used in many better ways to help Hong Kong, rather than wasting it on the mainland bureaucracy," one user wrote. more»

  • Gold price opens higher in Hong Kong

    15:23 | 19/4/13
    People's Daily Online
    HONG KONG, April 19 (Xinhua) -- The gold price in Hong Kong went up 32 HK dollars to open at 12,950 HK dollars per tael on Friday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,400.83 U.S. dollars a troy ounce, ... more»
Global Indices
CodeLastChange
NZ504,59180.17%
COMP3,49630.07%
DJI15,335190.12%
SP5001,66610.07%
DAX7,789911.15%
FTSE6,756330.48%
NI22512,494220.18%
TWI77.020.180.24%