News for Hong Kong Dollar - Google Finance

China Galaxy Securities Rises in Hong Kong Debut

Wed, 22 May 2013 12:09:55 GMT

China Galaxy Securities Rises in Hong Kong Debut
Wall Street Journal - 7 hours ago

HONG KONG—China Galaxy Securities Co., a brokerage that raised more than a billion dollars in Hong Kong's biggest initial public offering this year, staged a buoyant trading debut Wednesday, further raising hopes for a pickup in the city's sluggish ...

HK stocks end 0.45 pct lower - Shanghai Daily (subscription)
HK stocks end 0.54 pct lower - Xinhua

Hong Kong Home Prices at Record Gap to Sales

Wed, 15 May 2013 02:41:45 GMT

Hong Kong Home Prices at Record Gap to Sales
Bloomberg - May 15, 2013

The Hong Kong dollar's peg to the U.S. counterpart has kept borrowing costs in the city at near-record lows, underpinning a 109 percent gain in home prices since the beginning of 2009, even as the government imposed several property curbs to cool ...

Gap Between Hong Kong House Prices and Sales Widens to Record - iNVEZZ

Predicting when Hong Kong property bubble will burst

Tue, 07 May 2013 09:03:46 GMT

Predicting when Hong Kong property bubble will burst
Irish Times - May 7, 2013

With its robust links to the world's biggest and second biggest economies, Hong Kong was been awash with liquidity as the Fed slashed interest rates to counter the global downturn and began quantative easing.

Giant yellow rubber duck deflates in Hong Kong's Victoria Harbor

Wed, 15 May 2013 14:44:36 GMT

Giant yellow rubber duck deflates in Hong Kong's Victoria Harbor
New York Daily News - May 15, 2013

Hong Kong's dollar might be inflating but its giant yellow duck sure isn't! The much-loved blowup "rubber ducky" made waves in Victoria Harbor two weeks ago, reminding locals of an innocent, happy time before the responsibilities of adulthood.

Pegging Hong Kong dollar against yuan 'could take years'

Mon, 29 Apr 2013 20:33:13 GMT

Pegging Hong Kong dollar against yuan 'could take years'
South China Morning Post - Apr 29, 2013

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 ...

PRESS DIGEST - Hong Kong - April 30 - Reuters
Gamblers Not So Anonymous: Beijing Keeps Closer Eye on Macau - Voice of America

Hong Kong Exchange Fund Q1 investment income at HK$17.1 bln

Fri, 03 May 2013 01:45:25 GMT

Hong Kong Exchange Fund Q1 investment income at HK$17.1 bln
Reuters - May 3, 2013

HONG KONG May 3 (Reuters) - Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted a HK$17.1 billion ($2.20 billion) investment income gain for the first quarter, the Hong Kong Monetary Authority (HKMA) said on Friday.

Hong Kong to launch interbank rate for offshore renminbi

Thu, 25 Apr 2013 12:54:52 GMT

Hong Kong to launch interbank rate for offshore renminbi
Financial Times - Apr 25, 2013

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 ...

Monetary authority chief's salary tops HK$9.4m - South China Morning Post
Hong Kong to unveil reference rate for offshore yuan markets - The Star Online

Hong Kong property investors switch search to overseas markets

Tue, 14 May 2013 19:20:08 GMT

Hong Kong property investors switch search to overseas markets
South China Morning Post - May 14, 2013

"The relative strengthening of the Hong Kong dollar against currencies such as the British Pound and Japanese Yen have also drawn the interest of buyers and a pick-up in buying interest has also been supported by a greater number of projects being ...

'Made in America' means added pain for Hong Kong

Wed, 01 May 2013 19:54:30 GMT

'Made in America' means added pain for Hong Kong
South China Morning Post - May 1, 2013

Since 2002, the US dollar has lost a third of its value against a basket made up of the currencies of its trading partners and competitors (see the first chart).

Hong Kong not gaining from peg

Sun, 05 May 2013 19:00:23 GMT

Hong Kong not gaining from peg
South China Morning Post - May 5, 2013

The Hong Kong dollar is pegged to the US dollar by a currency board. This obsolete arrangement is also used by other economies such as Bermuda, Antigua and Barbuda, and the Cayman Islands.