Business Digest, November 30, 2012

Standard & Poor's affirmed China's sovereign long-term credit rating of AA-minus and short-term rating of A-1-plus in an annual report yesterday and said the outlook remains stable, citing the country's "exceptional" growth prospects, holdings of overseas assets and modest government indebtedness. Bloomberg

The Hong Kong Monetary Authority sold a combined HK$5.81 billion for US dollars yesterday in two interventions in the currency markets to prevent the Hong Kong dollar from strengthening past its trading band with the US dollar. Since last month, the central bank has sold HK$41.14 billion. Enoch Yiu