• Wednesday
  • September 3, 2014
  • Last updated: 5:47am
Hong Kong

Humidity 

UV 

Pollution 

Search Results

Results 1 - 10 of 245 for currency

Related topics matching your search

Search results

  1. Comment - Letters

    Hong Kong not gaining from peg

    Posted May 06th 2013, 12:00am by LETTERS

    ... Peg is wiping out productivity gains of diligent middle class The Hong Kong dollar is pegged to the US dollar by a currency board. This obsolete arrangement is also used by other economies ... jobs, but its net effect is questionable. It creates uneven growth and only benefits the rich and certain sectors at the expense of the majority. By suppressing our currency we enable people ...

    http://www.scmp.com/comment/letters/article/1230963/hong-kong-not-gaining-peg
  2. Business - Comment - MONITOR

    'Made in America' means added pain for Hong Kong

    Posted May 02nd 2013, 12:00am by Tom Holland

    ... from its exchange rate peg to the US dollar. Since 2002, the US dollar has lost a third of its value against a basket made up of the currencies of its trading partners and competitors (see the first chart). Because of the peg, the Hong Kong dollar has also declined in value. Since 2002, it has fallen by almost a quarter against its own trade-weighted basket of currencies; a fall ...

    http://www.scmp.com/business/article/1227752/made-america-means-added-pain-hong-kong
  3. Business - Economy - CURRENCIES

    Pegging Hong Kong dollar against yuan 'could take years'

    Posted Apr 30th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Economist who fathered current system says mainland currency can only replace greenback when it is fully convertible and widely used Yuan-HK$ peg 'may not come for years' The yuan will eventually be a feasible currency for Hong Kong to peg its dollar against, in place of the US dollar, said John Greenwood, known as the "father ...

    http://www.scmp.com/business/economy/article/1226313/pegging-hong-kong-dollar-against-yuan-could-take-years
  4. Business - Comment - JAKE'S VIEW

    HKMA prays for deliverance from loose money

    Posted Jan 08th 2013, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp With the HK dollar's currency peg under strain, the Hong Kong Monetary Authority must be hoping for an end to US quantitative easing HKMA prays for deliverance from ... that this is for monetary operations only and excludes our HK$1.5 trillion in fiscal savings. In the 2008-09 financial crisis alone, the HKMA had to soak up HK$700 billion worth of foreign currency to stop ...

    http://www.scmp.com/business/article/1122382/hkma-prays-deliverance-loose-money
  5. Business - Money - ECONOMY

    Cash dam reopened to flush out hot money

    Posted Dec 22nd 2012, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Monetary Authority steps in again to sell down local currency, bringing total injections in last two months to more than US$13.8b Cash dam reopened to flush out hot money The city's de facto central bank again sold down the Hong Kong dollar yesterday to maintain the currency peg to the US dollar as so-called hot money continued to pour in. ...

    http://www.scmp.com/business/money/markets-investing/article/1110180/cash-dam-reopened-flush-out-hot-money
  6. Business - Economy - ECONOMY

    Latest US easing prompts HKMA inflation warning

    Posted Dec 14th 2012, 12:00am by Peggy Sito

    ... the authority would intervene in the money markets if capital inflows into the Hong Kong dollar continued. "The HKMA has the ability to buy an unlimited amount of US dollars to maintain currency stability." The authority stepped into the currency market again on Wednesday, selling HK$11.664 billion as the local currency repeatedly hit the strong end of its trading range. As hot money ...

    http://www.scmp.com/business/economy/article/1104934/latest-us-easing-prompts-hkma-inflation-warning
  7. Business - Money - CURRENCY

    HKMA in HK$12 billion currency cooling measure

    Posted Dec 12th 2012, 12:00am by PAGGIE LEUNG AND ENOCH YIU

    ... Kong Monetary Authority stepped into the currency market again yesterday to weaken the Hong Kong dollar as the rush of "hot money" continues to flow into the city. The de facto ... the local currency. Such action is not unprecedented in the city. The authority was obliged to intervene significantly during the global financial crisis that began in 2008 to manage an inflow ...

    http://www.scmp.com/business/money/markets-investing/article/1103292/hkma-hk12-billion-currency-cooling-measure
  8. Business - Economy - MARKETS

    Hot money inflow may rock markets, warns HKMA's Norman Chan

    Posted Dec 11th 2012, 12:00am by Enoch Yiu

    ... billion by selling the same amount of Hong Kong dollars since mid-October, Chan said on the sidelines of an economic forum. The authority's move was aimed at weakening the local currency ...

    http://www.scmp.com/business/economy/article/1102558/hot-money-inflow-may-rock-markets-warns-hkmas-norman-chan
  9. Business - China Business

    Business Digest, December 8, 2012

    Posted Dec 08th 2012, 12:00am by STAFF, AGENCIES

    ... HKMA sells HK$3.875b to weaken HK dollar The Hong Kong Monetary Authority (HKMA) stepped into the currency market yesterday, selling HK$3.875 billion as the local dollar repeatedly hit the strong side of its trading range against the US dollar. Hong Kong's official foreign currency reserve assets stood at US$305.2 billion at the end of last month, the HKMA said, up 1.2 per ...

    http://www.scmp.com/business/china-business/article/1100251/business-digest-december-8-2012
  10. Business - China Business

    Business Digest, December 5, 2012

    Posted Dec 05th 2012, 12:00am by AGENCIES

    ... HKMA sells HK$3.9b as HK dollar hits limit The Hong Kong Monetary Authority sold HK$3.875 billion on the foreign exchange market yesterday to weaken the Hong Kong dollar as the currency repeatedly hit the strong end of its trading range. Under the peg to the US dollar, the HKMA must intervene when the Hong Kong dollar hits 7.75 or 7.85, to maintain the trading band. Reuters   US ...

    http://www.scmp.com/business/china-business/article/1097687/business-digest-december-5-2012

Pages

Login

SCMP.com Account

or