Linked Exchange Rate


Factors that affect Hong Kong's property market are well-documented, and they only occasionally include the city's currency peg to the US dollar.

Friday, 6 July, 2012, 12:00am

Rigging the HK$ to the yuan can be done, but it's a bad idea

Hong Kong is likely to ditch its currency peg to the US dollar within two years in favour of a link to the yuan, according to Peter Redward, head of emerging Asia research at Barclays.

Bloomberg, October 26

28 Oct 2010 - 12:00am

HKMA curbs currency's rise with HK$10.6b liquidity injection

The Hong Kong Monetary Authority pumped HK$10.62 billion into the banking system yesterday, boosting the city's liquidity to a record, to curb the Hong Kong unit's rise beyond the trading band against the US dollar.

20 Nov 2008 - 12:00am

HKMA move on currency unlikely

The Hong Kong Monetary Authority is unlikely to repeg the currency or widen the trading band with the US dollar any time soon, even though the local unit remains strong, analysts say.

'Any move to widen the trading band could only trigger endless speculation on the Hong Kong dollar,' said Daniel Chan Po-ming, a senior investment strategist at DBS Bank (Hong Kong).

30 Oct 2007 - 12:00am

There's no need to appoint a successor for Joseph Yam

'Perhaps there are factors that I have failed to see.'

Joseph Yam Chi-kwong, Viewpoint column, HKMA website

October 25

30 Oct 2007 - 12:00am

HKMA's action a sensible precaution

Hong Kong is an exception to the general rule that it is only the central bank that issues legal currency and that it answers only to the government that owns it.

19 Jul 2007 - 12:00am

Public told to beware of online bank

People should avoid a website claiming to be operated by the International Chinese Switzerland Bank Corporation, the Hong Kong Monetary Authority said yesterday.

The warning was issued after police discovered the suspected fraudulent website was offering banking services without the authority to do so.

28 Aug 2005 - 12:00am

HKMA mulls opening up issuance platform

The Hong Kong Monetary Authority (HKMA) may invite other public sector bodies and private companies to use its electronic bond issuing platform to issue multi-currency bonds to investors.

5 Aug 2005 - 12:00am

HKMA spends $969m to halt gains in HK$

After a near two-week absence from the market, the Hong Kong Monetary Authority (HKMA) surprised dealers and investors yesterday by stepping in to buy US dollars.

15 Oct 2003 - 12:00am


Hong Kong's foreign-currency reserves rose to US$115.6 billion by the end of last month, from US$111.9 billion in December last year. It came amid a rising demand for cash ahead of the Lunar New Year holiday, the Hong Kong Monetary Authority said. The US$3.7 billion rise was mainly due to an increase in Certificates of Indebtedness.

8 Feb 2003 - 12:00am

Forex reserves down

The Hong Kong Authority's official foreign currency reserve assets amounted to US$110.2 billion at the end of last month, down from US$111.3 billion. The HKMA said it was due mainly to a decrease in the amount of outstanding repurchase agreements.

9 Apr 2002 - 12:00am

SAR 'unlikely' to widen dollar trading band, say analysts

In spite of the proposal to widen the trading range of the yuan to 10 per cent to 15 per cent, it is unlikely that Hong Kong will follow suit with the dollar, say analysts.

30 Dec 2000 - 12:00am

The party never stops at HKMA


They're a wild bunch over at the Hong Kong Monetary Authority. Under those grey suits, chrome spectacles and stony faces are men and women of acerbic wit and mental debauchery.

Or it could just be that chief executive Joseph Yam Chi-kwong has been overindulging in the festive spirit?

26 Dec 2000 - 12:00am

Foreign currency assets at US$90.1b

Hong Kong's foreign currency assets stood at US$90.1 billion at the end of January, an increase of $500 million from the $89.6 billion recorded at the end of December, the Hong Kong Monetary Authority (HKMA) said yesterday.

The increase was mainly due to a rise in the investment return on foreign assets, the authority said.

9 Feb 1999 - 12:00am

Bankers support HKMA's measures

The Hong Kong Association of Restricted Licence Banks and Deposit-taking Companies yesterday joined the chorus of banking-business organisations backing recent action by the Hong Kong Monetary Authority (HKMA).

The comment came ahead of Wednesday's Legislative Council debate on the HKMA's tactics to maintain the SAR's linked exchange rate.

29 Sep 1998 - 12:00am