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  • July 29, 2014
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  1. Business - Money - ASK MELANIE

    Should I switch my HK dollar savings?

    Posted Oct 01st 2012, 12:00am by Melanie Nutbeam

    ... On the face of it, that looks attractive. But both currencies are trading at historically high levels. If either currency depreciates, even marginally, you could lose your interest earnings, while if the currency depreciates significantly, you will suffer a capital loss when you exchange your money back to Hong Kong dollars. Of course, you could be lucky and find that at the end of six months ...

  2. HK faces stiffer race as yuan trade centre

    Posted Jan 13th 2011, 12:00am by Enoch Yiu

    ... Enoch Yiu Hong Kong is facing more competition from rival cities in the race to become an offshore yuan trading centre as lenders in New York, London and Singapore begin offering services in the currency. Bank of China started yuan trading services in the United States last month, a sign that Beijing is encouraging more major financial centres to use the currency. This comes before ...

  3. Business - Economy

    Asian central banks seen entering currency markets if Fed tapers off

    Posted Jun 15th 2013, 12:00am by Reuters

    ... Reuters in Singapore Asian central banks seen resorting to currency market intervention if a reduction of Federal Reserve stimulus prompts devaluations Jitters over end of cheap money Asia's central banks are likely to use heavy currency intervention as their weapon of choice in dealing with regional market turbulence but high debt levels will make them more reluctant than ...

  4. China Green reports profit growth of 26.6pc to meet results deadline

    Posted Aug 31st 2010, 12:00am by Amanda Lee

    ... Amanda Lee China Green (Holdings) got in under the wire yesterday to report an annual profit rise of 26.6 per cent, just days after shares of the mainland fruit and vegetable producer plunged because of a delay in the results announcement. The stock, whic ...

  5. Comment - Insight & Opinion

    How US creates currency wars with no winners

    Posted May 25th 2013, 12:00am by Andrew Sheng

    ... Andrew Sheng Andrew Sheng says academic's book delivers irrefutable home truths on US monetary policy Unfair exchanges:dollar indisciplinecreates currency wars with no winners Travelling around Southeast Asia last week, the mood was all about currency fluctuation and its impact on markets. Things do look different when the Thai stock market's daily turnover touches ...

  6. Hot money inflow loses momentum

    Posted May 21st 2010, 12:00am by Enoch Yiu

    ... the Hong Kong dollar and which the HKMA invests in bonds, stocks and local and foreign currencies. The fund reported an investment income of HK$10.8 billion in the first quarter, up slightly ... the fund lost HK$3.1 billion in Hong Kong stocks and HK$8.7 billion in foreign-currency investment, which was offset by HK$11.4 billion of earnings from bonds and HK$11.2 billion from overseas ...

  7. Buyers defaulting on price-fall fears

    Posted Apr 21st 2010, 12:00am by Sandy Li

    ... Sandy Li A growing number of would-be homebuyers in Shenzhen, Shanghai and Beijing could walk away from signed purchase agreements because they fear house prices are set to fall heavily, say estate agents. By quitting now and forfeiting their deposits, th ...

  8. Business - Banking & Finance - CURRENCIES

    Big rally in Asian currencies signals 'sell'

    Posted May 09th 2013, 12:00am by BLOOM

    ... Bloomberg in Singapore Analysts say exchange rates are looking divorced from weakening economies Big rally in Asian currencies signals 'sell' The biggest rally in Asian currencies since September is a sell signal to two of the world's largest foreign-exchange trading firms, as the region's economic growth increasingly falls short of forecasts. ...

  9. Market ignores 'strong dollar' call

    Posted Oct 13th 2009, 12:00am by Kevin Rafferty

    ... oil-producing and consuming nations other than the US were trying to take the greenback down a peg and discussing pricing the fuel in a new basket of currencies rather than in dollars. If the report is accurate and the discussions prove successful, then the dollar's remaining days as the global reserve currency could be numbered in years rather than decades. Kenneth Rogoff, the influential ...

  10. HKMA injects HK$6.2b into bank system to check currency's rise

    Posted Apr 24th 2009, 12:00am by Staff Reporter

    ... Maria Chan The Hong Kong Monetary Authority pumped HK$6.2 billion into the banking system yesterday, the third consecutive day of injection, to keep the local currency from rising above ... haven,' he said. Separately, a currency dealer said the recent rise in the Hong Kong dollar was due in part to some speculation about the fate of the currency peg amid growing talk ...




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