Starting from April, the Hong Kong Monetary Authority bought more than HK$100 billion (US$12.7 billion) to defend the pegged rate of HK$7.85 to US$1. Photo: Winson Wong

Hong Kong needs to keep an eye on US-China trade war yuan currency deal, analysts say

  • The Hong Kong dollar has been pegged to the US dollar since 1983
  • The United States have demanded China maintains the stability of the yuan as part of ongoing negotiations to end the trade war
Topic |   China economy

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Starting from April, the Hong Kong Monetary Authority bought more than HK$100 billion (US$12.7 billion) to defend the pegged rate of HK$7.85 to US$1. Photo: Winson Wong
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Shenzhen’s gross domestic product last year grew by 7.6 per cent to 2.42 trillion yuan (US$361.24 billion), or HK$2.87 trillion based on the 2018 official exchange rate from Hong Kong’s Census and Statistics Department. Photo: EPA

Hong Kong economy surpassed by neighbour Shenzhen for first time in 2018 as China’s hi-tech hub soars

  • Finance chief Paul Chan Mo-po confirmed during Wednesday’s budget economic growth in Hong Kong rose by just 3 per cent to HK$2.85 trillion last year
  • Shenzhen’s gross domestic product grew by 7.6 per cent to 2.42 trillion yuan or HK$2.87 trillion based on last year’s official exchange rate
Topic |   China economy

TOP PICKS

Shenzhen’s gross domestic product last year grew by 7.6 per cent to 2.42 trillion yuan (US$361.24 billion), or HK$2.87 trillion based on the 2018 official exchange rate from Hong Kong’s Census and Statistics Department. Photo: EPA
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