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  • August 21, 2014
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  1. Weak dollar makes HK more expat-friendly

    Posted Dec 08th 2011, 12:00am

    ... at businesses, has to do with the weak US dollar. Hong Kong plunged in global and Asian rankings of the most expensive cities to live in and has been overtaken by Beijing and Shanghai, human resources ... to second place. 'Hong Kong is pegged against the US dollar,' ECA director Lee Quane said yesterday. 'The weak dollar means the city is now cheaper than a number of other locations ...

  2. Dollar peg 'not a factor in property price surge'

    Posted Dec 08th 2009, 12:00am by Ambrose Leung

    ... Ambrose Leung The financial secretary yesterday dismissed suggestions that the recent surge in Hong Kong property prices was a result of the local currency's peg to the US dollar ... remained, as the economies in Europe and the US remained weak, and the recent debt crisis in Dubai had added uncertainty to the global financial markets, he said. He acknowledged a large volume ...

  3. Flawed reasoning for HK dollar bond market

    Posted May 19th 2009, 12:00am by Tony Latter

    ... currencies, notably the US dollar, where both liquidity and choice are far greater than Hong Kong could ever hope to achieve, even with government leading the way. Any currency risk for the Hong Kong ... the paucity of first-class names and the likely meagre scale of their issuance. The Hong Kong currency would hold no particular attraction relative to the US dollar to which it is pegged. Second, ...

  4. HK dollar slips back after rapid rise

    Posted Oct 07th 2003, 12:00am by Staff Reporter

    ... Monetary Authority (HKMA) late last week may have succeeded in establishing a floor for the US dollar slide, at least in the short term. Speculations of an imminent appreciation of the Chinese yuan ... dollar to levels well beyond the $7.80 at which it is pegged to the greenback. The Thursday interventions of US$50 million each and the initial Friday buying of US$100 million appeared to have ...

  5. Capital inflows boost hk dollar

    Posted May 20th 2004, 12:00am by Staff Reporter

    ... Nichole Chan Currency traders noted large capital inflows to Hong Kong yesterday, which boosted the local dollar and gave legs to a convincing stock-market rebound. All three of Hong Kong's currency-issuing banks were dumping the US dollar and buying Hong Kong dollars yesterday, traders said, indicating that international capital was returning. Optimists interpreted ...

  6. Once-mighty HK dollar shunned in delta

    Posted Jan 12th 2007, 12:00am by Staff Reporter

    ... shunned, sold, and frowned upon by taxi drivers and capital investors alike. Starbucks in Shenzhen has declined to accept Hong Kong or US dollars since last month. A HK$100 banknote can now buy ... against the US dollar, to which the Hong Kong currency is pegged. A fund manager at a Bank of China branch in Guangzhou said many of his clients with savings in Hong Kong dollars had started ...

  7. HK will lead billion-dollar boom in region's wine trade, survey finds

    Posted Mar 12th 2008, 12:00am by Dennis Eng

    ... but you're going to run Asia,' said Gil Lempert-Schwarz, chairman of the Wine Institute of Las Vegas. On May 31, New York-based Acker Merrall & Condit, the oldest wine merchant in the US, will visit to auction fine wines worth more than US$6 million. 'This is going to be gigantic in terms of the wines that are involved and in terms of this potentially being one of the top 10 ...

  8. Policy problem is lack of sense, not dollars

    Posted Oct 03rd 2003, 12:00am by Jake Van Der Kamp

    ... as your bank manager quickly points out. What he will do is take the equivalent of $6.5 million from the deposits that you hold with him in US dollars or other currencies, exchange that money ... that you brought in, where do you think that he got those Hong Kong dollars? Let us puzzle this out. Did he perhaps get them from Russia? Hmmm ... seems unlikely does it not? Peru, then? Turkey? ...

  9. Dollar peg and China

    Posted Jul 31st 2003, 12:00am by Staff Reporter

    ... No currency, in fact no commodity, in this world has been so overvalued internationally for so long. The main reason nobody dares to remove the Hong Kong dollar peg is that it serves China's interest more than that of Hong Kong. The yuan is not a freely convertible currency whereas the Hong Kong dollar is. And the yuan is linked to the US dollar through it. If the Hong Kong ...

  10. Continued arbitraging keeps Hong Kong dollar weak

    Posted Sep 02nd 2004, 12:00am by Staff Reporter

    ... an across the board decline in the US dollar against other leading currencies and a rebound in the local stock market, the Hong Kong Monetary Authority bought HK$1.56 billion in the afternoon. Dealers said the Hong Kong dollar moved between HK$7.7999 and the HK$7.80 peg rate for most of the day. The authority is obliged to buy the dollar in exchange for US dollars at the peg rate. ...




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