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  • October 26, 2014
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  1. Lai See

    Posted Apr 07th 2011, 12:00am

    ... relief for Asian currencies under threat. The first effort collapsed at the first signs of the Asian crisis in 1996, and the refurbished model has yet to be tested. Trying to institute ... flexible exchange rates.' But the bank never calls a spade a spade and says Hong Kong's currency is misaligned or its monetary policy is flawed. One of its suggestions for countries ...

  2. On the Money

    Posted Jun 14th 2012, 12:00am

    ... crisis settles down before considering unpegging its currency from the US dollar. Sheena Smith, nutritionist I'm working in Hong Kong now but I plan to go back to Australia at some point, so ... the currency system. The government should wait for things to settle down before thinking about changing the system. Steve Wong, salesman Joseph Yam is just trying to make a stir in Hong Kong ...

  3. Development of yuan market not threat to local currency, Chan says

    Posted Feb 26th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu The development of a yuan market in Hong Kong does not pose a threat to the local dollar's legal tender status, Secretary for Financial Services and the Treasury Chan Ka-keung said yesterday. Chan said the offshore yuan market would be deve ...

  4. Letters

    Posted May 26th 2008, 12:00am by Staff Reporter

    ... not to increase the price of their products. In Hong Kong we are not as fortunate and we have experienced rising inflation because of the weak Hong Kong dollar pegged to the US currency. Our government maintains that everything is all right which is clearly not the case. The best way to tackle this crisis is to redefine the peg with the US dollar. We should opt for a 20-25 per cent increase ...

  5. Zero quota may ease staffing crisis

    Posted Apr 22nd 2012, 12:00am

    ... Emily Tsang emily.tsang@scmp.com The proposal by chief executive-elect Leung Chun-ying to ban mainland women from giving birth in private hospitals would help ease a staffing crisis at public hospitals, says a senior doctor. Last Monday, Leung dropped a bombshell when he told private hospitals to expect a quota of 'zero' for cross-border births next year, addressing ...

  6. Global crisis gives boost to cheap flats

    Posted Dec 12th 2011, 12:00am

    ... crisis and the global economic slowdown will depress the local property market. Agents say the number of transactions done in the sub-HK$2 million category will continue to increase ... Chun-wah said on Thursday that the government was prepared to unwind measures to cool the property market if prices continued to fall, as Europe's debt crisis and a looming global economic ...

  7. Talking points

    Posted Aug 16th 2011, 12:00am

    ... Tensions high going into summit on debt crisis Tensions between France and Germany over solving the euro zone crisis will be tested at an economic summit, as Italy adds to growing pressure on the single currency's financial superpowers to back the issue of eurobonds. French President Nicolas Sarkozy will hold talks with German Chancellor Dr Angela Merkel in Paris, with some ...

  8. Record high for London homes

    Posted Jul 11th 2012, 12:00am

    ... increase 62 per cent in Hong Kong dollar terms over this period, because of the pound's rise on currency markets. Overseas investment helped fuel London's price rises, with 3.4 per cent ... would not be significant. 'Higher prices and the stamp duty rise in April have made it more expensive to buy,' said Bailey. 'The euro-zone crisis has knocked confidence, ...

  9. Give Tsang the politician an A for acumen

    Posted Dec 31st 2009, 12:00am by Staff Reporter

    ... the global economic crisis began. But Tsang just keeps coming back with more warnings about economic troubles ahead. Is he being prescient or just trying to cover his back? We will know soon enough. ... trade'- in which investors borrow currency on which interest rates are low in order to buy a currency with higher rates- because a falling US dollar is pushing up asset prices across Asia, ...

  10. Talking points

    Posted Sep 08th 2011, 12:00am

    ... with the currency union's debt crisis. Some economists and market participants, however, say the region's recovery remains fragile, and that any sudden worsening of the debt crisis could force ...




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