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  1. Parental advice for the yuan in a grown-up world

    Posted Jan 04th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Internationalising the yuan is like raising a child, and Hong Kong is its nursery, according to Charles Li Xiaojia, the chief executive of the city's stock exchange. Amid intensified debates on whether Beijing is proceeding too quickly in pushing for the internationalisation of its currency amid recent market volatility, Li believes ...

  2. Go-slow on yuan will help protect banks

    Posted Mar 01st 2004, 12:00am by Staff Reporter

    ... have a few implications for Hong Kong, where yuan deposit services started last week, but the billions of dollars in 'trapped' mainland currency needing a way to get back ... relating to currency exchange, offshore trading and movement towards full convertibility. Paramount is the need to sort out the mainland's more or less insolvent state-owned banks. Easing ...

  3. HKMA chief warns of possible asset bubbles

    Posted Dec 15th 2009, 12:00am by Staff Reporter

    ... Isabella Steger Asset bubbles rather than inflation will be the key concern for the financial stability of Asian economies next year, according to Hong Kong Monetary Authority chief executive Norman Chan Tak-lam. Chan told the Hong Kong Economic Summit ye ...

  4. How ending the peg could hit property prices

    Posted Jun 14th 2012, 12:00am

    ... Peggy Sito peggy.sito@scmp.com Flat prices in Hong Kong may fall if the currency is depegged from the US dollar, property experts say. 'The Hong Kong dollar is expected to see ... This has prompted calls for the local currency to be depegged, which the government has always resisted. 'Buying desire in the Hong Kong property market is strong partly because our currency ...

  5. Norman Chan needs to talk like a banker; rarely

    Posted May 01st 2011, 12:00am

    ... Jake van der Kamp Local interest rates will rise in response to strong demand for loans and also rises in benchmark interest rates in the United States, prompting capital outflows from Hong Kong, Hong Kong Monetary Authority chief executive Norman Chan Ta ...

  6. HK$50b rush for HK$10b iBonds

    Posted Jun 14th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Low bank deposit rates and a sagging equity market are driving jaded investors into the arms of the Hong Kong government, which says demand for its inflation-linked bonds has surged. More than 330,000 people subscribed to this ...

  7. The golden rule of money supply

    Posted Nov 27th 2010, 12:00am by Staff Reporter

    ... with the Triffin dilemma. In the 1960s, Yale professor Robert Triffin warned that the central bank of the reserve currency faces two competing tasks- of either providing enough liquidity for the rest ... The real risk the Fed runs is not that the US dollar will depreciate against other fiat money (paper currency printed by governments), but that it will depreciate hugely against commodity money ...

  8. Business - Economy

    Australia central bank keeps easing bias, talks down A$

    Posted Jul 02nd 2013, 01:43pm by Reuters

    ... Reuters in Sydney Australia’s central bank kept its main cash rate at a record low of 2.75 per cent on Tuesday and said there might be room for further easing, given the local currency ... in the currency would support export earnings and help the economy deal with a coming peak in mining investment. “Anything above 90 cents is still described as high,” said Michael Turner, a strategist ...

  9. Low rates put earnings forecasts for big banks under pressure

    Posted Nov 08th 2004, 12:00am by Louis Beckerling

    ... dollar, evidently fuelled by a renewed belief among currency speculators that the local dollar was in line for an upward revaluation. 'The hot money was around for the majority of the year and as a result we also had very low Hibor rates in the first half. The third quarter saw some outflows but now the hot money is back again,' Mr Kwan said. Currency markets bets have also once again ...

  10. Hong Kong's US dollar peg remains the least of all evils

    Posted Oct 21st 2011, 12:00am

    ... inflation and property prices in the last year or so strongly suggest that he is right about the undervaluation. Over the last 10 years, the currencies of Singapore, the mainland, Taiwan and South ... along with it owing to the linked exchange rate system which pegs our currency to the US dollar. Between 1998 and 2003, when other Asian currencies weakened, the peg forced us to go through ...




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