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  1. Authority reports investment loss of HK$40.8b

    Posted Dec 16th 2011, 12:00am

    ... in the three months. Monetary Authority chief executive Norman Chan Tak-lam reported the result to legislators yesterday, prompting several to complain about the poor performance. 'The HKMA has failed to ensure the Exchange Fund achieved an investment return that could preserve value for Hong Kong people's assets,' Regina Ip Lau Suk-yee said. Chan defended the performance, ...

  2. Mainland muscle to pace Hong Kong momentum

    Posted Dec 31st 2007, 12:00am by Staff Reporter

    ... With US fears, eyes are fixed across the border, write Tim LeeMaster, Jonathan Yang and Neil Gough The Hong Kong stock market is expected to maintain momentum next year as the strength of the mainland economy, fund flows from both mainland individuals and companies, and initial public offerings offset the impact of a worsening economy in the United States. 'Hong Kong will still ...

  3. Regulator gives yuan payments new push

    Posted Apr 03rd 2012, 12:00am

    ... The Hong Kong Monetary Authority yesterday made it clear that banks could waive certain paperwork required for yuan trade settlements, in the latest bid to fight off competition from ... in Hong Kong. 'One reason for the customers' preference was that they believe Hong Kong has tougher documentation requirements than Singapore,' he said. The authority has said ...

  4. HK banks' mainland exposure may not be as risky as feared

    Posted Oct 25th 2011, 12:00am

    ... Tom Holland Ratings agency Fitch warned yesterday that it could downgrade the credit standing of Hong Kong's banks because of their fast-growing exposure to the mainland. Fitch is not the only one that's nervous. In April, the Hong Kong Monetary Authority called the city's banks sharply to heel over the speed at which they were extending new loans to mainland ...

  5. Beijing tipped to further ease monetary policy

    Posted Feb 22nd 2012, 12:00am

    ... Denise Tsang denise.tsang@scmp.com The mainland will further ease its monetary policy and loosen the funding tap for small and medium-sized enterprises (SMEs), according to a top Hong Kong ... easing was necessary to strike a balance between the mainland's economic growth and consumer price inflation. While more funding was made available across the border, SMEs in Hong Kong were ...

  6. Yuan exchange market proves the critics wrong

    Posted Jul 20th 2011, 12:00am

    ... market is settled exclusively in yuan and is open to offshore participants and limited onshore parties. The Hong Kong Monetary Authority announced a year ago that the yuan would be permitted ... Lulu Chen lulu.chen@scmp.com Barely a year after its creation, Hong Kong's yuan exchange market has exploded, brushing aside fears that an offshore market in the currency would ...

  7. Ask our experts

    Posted May 23rd 2011, 12:00am

    ... Laden has yet to be determined. We asked the experts what they expect for the rest of the year. Cusson Leung (Credit Suisse head of Hong Kong, conglomerates and properties research) sees inflation as the key theme for Hong Kong. 'Property prices could increase by 14 per cent from now to the end of 2011. We expect debtors, asset owners and service industries with high pricing ...

  8. Beijing's monetary move triggers sharp rise in property stocks

    Posted Nov 28th 2008, 12:00am by Yvonne Liu

    ... and the property market to benefit from the cut of 108 basis points by the People's Bank of China in the benchmark rate. Shares of mainland and Hong Kong-listed developers jumped sharply in the morning, but the rise slowed in the afternoon. Hong Kong-listed Hopson Development Holdings and Shanghai Forte Land led the surge, with their share prices each gaining 13.98 per cent, to HK$2.69 ...

  9. Reserves earn record HK$114b amid boom

    Posted Nov 09th 2007, 12:00am by Staff Reporter

    ... Maria Chan The Hong Kong Exchange Fund, a reserve which backs the city's currency, earned a record HK$114.6 billion in investment income for the first nine months, beating its 2006 total of HK$103.7 billion thanks to a robust stock market. But Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong said: 'We can't rule out a market correction ...

  10. Liquidity scheme triggers bounce in stocks

    Posted Nov 22nd 2008, 12:00am by Nick Westra

    ... Nick Westra and Daniel Ren in Shanghai Hong Kong stocks rallied yesterday, snapping a four-day losing streak, on news that mainland outlets of local banks could obtain liquidity from the People's Bank of China if needed. The Hang Seng Index opened lower but zoomed up 850 points in the final 45 minutes of morning trade after Joseph Yam Chi-kwong, the chief executive of the Hong Kong ...




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