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  • November 29, 2014
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  1. Exchange Fund urged to revamp investments for bigger returns

    Posted Jan 28th 2010, 12:00am by Enoch Yiu

    ... They proposed setting aside part of the fund's reserves to adopt a more aggressive investment strategy or to shift part of its holdings from the US dollar, which is depreciating, to the yuan, which ... a sovereign fund. Legislator Chim Pui-chung said the Exchange Fund was losing value as the US dollar weakened. 'The government should shift one-third of the Exchange Fund's assets ...

  2. HK interbank rates remain steady

    Posted Sep 26th 2007, 12:00am by Staff Reporter

    ... interbank rates closed at 5.9 per cent and 5.3 per cent. Higher interbank rates also brought the Hong Kong dollar to 7.7670 against the greenback, the highest so far this year, as some banks sold US dollars for Hong Kong dollars. The rise in the interbank rate also reflected concerns market participants had over the contagious effect of the US subprime mortgage meltdown, so bankers were ...

  3. New Products

    Posted Nov 23rd 2003, 12:00am by Staff Reporter

    ... With many analysts worried about the outlook for the US dollar, it pays to think carefully before choosing a guaranteed fund. The Opal Notes Series 2 and Series 2 Premium, available in either US dollars or euros, are targeting returns of 16 per cent and 22 per cent respectively. The products are offered by British-based Tilney Investment Management and come with an initial ...

  4. HK firms offer yuan-based insurance policies

    Posted Sep 27th 2010, 12:00am by Enoch Yiu

    ... and Hong Kong dollar-denominated policies, said David Fried, the global insurance head of HSBC Holdings. Most of the 8.7 million life insurance policies in Hong Kong are denominated in either US ... earlier this year. These policies are in demand with policyholders who are betting on the yuan to continue to appreciate. It has gained 20 per cent against the US dollar since 2004, and many ...

  5. Nagging doubt behind the excitement of Glencore IPO

    Posted May 06th 2011, 12:00am

    ... as much as US$11 billion in a deal that will net its senior executives billions of US dollars each. With trading operations in commodities as diverse as aluminium and barley, and mining interests ... away from energy and precious metals, other commodity prices have struggled to make headway. The US dollar prices of industrial metals including copper, zinc and lead are all down over the year ...

  6. Local insurers seek exemption from US tax law

    Posted Jul 09th 2012, 12:00am

    ... prevent tax evasion,' he added. He said most of the nine million local policies were denominated in US dollars because of the Hong Kong dollar's peg to the US dollar. Many insurers ... Enoch Yiu enoch.yiu@scmp.com Hong Kong insurers are the latest to oppose a proposed US tax law, and are seeking waivers to protect nine million local policies that could be affected by it. ...

  7. Subprime losses seen for H-share banks

    Posted Aug 13th 2007, 12:00am by Enoch Yiu

    ... be in millions of US dollars based on its several billion US dollars in securities holdings. A bank spokesman said the lender may disclose the information when it announces its interim results on August ... banks' assets and 6 per cent of mainland banks' assets were invested in US dollar debt last year, but mostly on higher-quality debt paper. The banks most affected by subprime ...

  8. Euro gains on dollar doldrums

    Posted Nov 27th 2007, 12:00am by Louis Beckerling

    ... by the United States for almost a decade are beginning to flow out of US dollar investments and into the euro. Depending on how far and how fast that flow goes, the tide could have far-reaching ... the dollar. 'I am not sure that displace is the right word,' Mr Villamin says. 'The US dollar will remain a very important currency. What does happen, though, is that countries must ...

  9. Fund managers draw on investor psychology

    Posted Nov 22nd 2004, 12:00am by Staff Reporter

    ... of the model, she added. Dollar may sink further As the United States dollar hit a fresh low against the euro and the yen last week, many believe the greenback can go lower next year as the US budget ... A likely revaluation of the yuan through a re-pegging of the Chinese currency to a basket of major global currencies would mean an automatic sell-off of US dollar assets and buying of yen, euro ...

  10. Americans get taste for dim sum bonds thanks to spate of US-listed ETFs

    Posted Nov 07th 2011, 12:00am

    ... bonds. This was taking place owing to a remarkable comeback in value of the US dollar against almost every currency, with some bonds losing as much as 10 per cent on the day. A few trading days ... is transitioning from a period of US dollar dominance to an era of currency blocs that better reflect the dispersion of economic growth,' says Jan van Eck, principal at Van Eck Global. ...




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