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  1. HK investors seek better yields in foreign currencies

    Posted Sep 08th 2011, 12:00am

    ... Amanda Lee amanda.lee@scmp.com Hong Kong's retail investors might have given stocks the cold shoulder lately, but demand for foreign currencies is heating up. 'I bought ... more to pay my son's college fees. I have even sold some of it.' Higher yielding currencies- such as the Australian and New Zealand dollars- appeal to Hong Kong savers who face low ...

  2. HK keeping currency undervalued, says US think tank

    Posted Mar 26th 2010, 12:00am by Staff Reporter

    ... Isabella Steger A US think tank has accused Hong Kong of undervaluing its currency to maintain its competitive edge against the mainland, a statement immediately derided by the government. ... keeping their currencies undervalued to maintain competitiveness against China. Fred Bergsten, head of the institute, told the House Ways and Means Committee that a successful campaign to pressure ...

  3. Drop in foreign currencies helps drive down cost of study tours

    Posted Apr 27th 2009, 12:00am by Paggie Leung

    ... Paggie Leung Prices for most overseas study tours have dropped significantly this summer, thanks to depreciation of foreign currencies and cheaper air tickets, according to travel agents. ... to 10 per cent decline over a year ago,' said Thomas Chau Wing-keung, Jetour Holidays director of operations. 'First, it's because rates of many foreign currencies have gone down ...

  4. Hot currencies eat into expats' pay

    Posted Aug 06th 2007, 12:00am by Dennis Eng

    ... Dennis Eng It's not what you earn, but what currency your earnings come in that is fast becoming the bottom line for luring expatriates to Hong Kong. Big rises in the value of their home currencies translate into big pay cuts for expatriates paid in Hong Kong dollars, raising fears that the city is losing its competitive edge in attracting overseas talent. 'The ...

  5. Hong Kong's currency peg to US dollar works just fine, says financial secretary

    Posted Jun 16th 2007, 12:00am by Andy Chen

    ... Zoe Mak and Andy Cheng The government has no plan to change the linked exchange rate regime that pegs the Hong Kong dollar to the US currency, partly because the yuan is not fully ... financial aides had contemplated delinking the currencies in August 2002. His successor, Donald Tsang Yam-kuen, later denied any intention to move the peg. At an exhibition of Hong Kong's new ...

  6. Currency intervention will continue

    Posted Nov 21st 2003, 12:00am by Kelvin Chan

    ... attempt to weaken the local currency. He also discussed the recent imposition of import quotas by the US and relaxed regulations on the use of renminbi in Hong Kong. 'The credibility ... revaluation could boost the local currency. Mr Tang also expressed concern about the imposition of quotas by the United States on the import of mainland textiles, and said he hoped the issue would ...

  7. Currency risk a key factor for investors

    Posted Nov 23rd 2003, 12:00am by Staff Reporter

    ... of the China/US trade rhetoric. While the United States may not want China's brassieres any more, it seems no one wants its greenback. The green light to offer currency exchange and personal bank ... But for Hong Kong residents, other financial milestones in the past week are more pressing. The euro reached an all-time high against the increasingly maligned US dollar and a range of other currencies ...

  8. StanChart nets $3.9 billion through dual-currency issue

    Posted Nov 27th 2004, 12:00am by Staff Reporter

    ... Nichole Chan Standard Chartered Bank has raised a total of $3.9 billion through a dual-currency subordinated bond issue to enhance its capital base. The issue came a week after the bank ... interest in the Hong Kong dollar on hopes the local currency might appreciate,' he said, adding that the two local currency tranches were slightly oversubscribed. The Hong Kong dollar ...

  9. Currency speculators' failed bets leave the market short-changed

    Posted Jan 07th 2005, 12:00am by Jake Van Der Kamp

    ... began to leave but then they returned for another go late last year, in less force, as the US dollar began to sink more quickly against other world currencies. Still no joy, however, and now we ...

  10. StanChart sees yuan fall against US dollar

    Posted Jun 07th 2012, 12:00am

    ... the currency's use in trade settlement and investment. 'We think the volatility in the global economy and in Europe will make the Chinese authorities very cautious about allowing yuan ... the yuan to the US dollar as it did after the 2008 financial crisis, and sees it continuing to allow more two-way movement in the currency. Beijing scrapped the yuan's decade-old peg ...




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