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Hong Kong Dollar news

  
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Hong Kong Buys $2.07 Billion in Week to Defend Currency Peg
Demand for the Hong Kong dollar comes from commercial activities with June-September being the peak season for dividend distribution, HKMA Deputy Chief Executive Peter Pang wrote in a July 26 article on the authority's website.
Hong Kong Ramps Up Intervention to Curb Local Currency  Wall Street Journal
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Hong Kong Dollar Seen Staying Strong as HKMA Buys $690 Million
Hong Kong's de facto central bank bought $690 million on July 25 to defend the city's 31-year-old peg to the U.S. dollar as it expects demand for the local currency to continue. �Having regard to the on-going listings, mergers and acquisitions, and ...
Monetary authority on guard over capital outflows from Hong Kong  South China Morning Post (subscription)
More financial centers moving away from the dollar as Hong Kong joins in  Examiner.com
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MegaFon Shifts Cash to Hong Kong Dollars on Sanction Risk
OAO MegaFon (MFON), billionaire Alisher Usmanov's wireless operator, said it has been shifting cash holdings into Hong Kong dollars, a move people say metals producer OAO GMK Norilsk Nickel (GMKN) is also undertaking, as the U.S. and Europe ratchet ...
Russian groups convert cash reserves  Financial Times
Hong Kong cash haven for Russian telecom over sanctions  RT
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Hong Kong dollar intervention - Why to expect more
The Hong Kong dollar is pegged at 7.8 to the U.S. dollar, but can trade between 7.75 and 7.85. Under the currency peg, which has been in place since 1983, the HKMA is obliged to intervene when the Hong Kong dollar hits 7.75 or 7.85 to maintain the band.
HKMA on alert as it defends peg in first currency market intervention in 18 ...  South China Morning Post
CNH Tracker-Offshore yuan deposits to pick up despite hiccups in Hong Kong  Reuters
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Hidden Behind the Hong Kong Dollar
It was the first intervention by the Hong Kong Monetary Authority (HKMA) for nearly two years. However, large money flows into Hong Kong prompted it to sell Hong Kong Dollars (HKD) worth $5.64 throughout July in order to keep the rate fixed at HK$7.75 ...
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Hong Kong Airlines Considers First Dual-Currency Hong Kong IPO
The airline hasn't made a final decision on whether to push forward with either its listing plans or whether the IPO should trade in both the Chinese currency and the Hong Kong dollar, people with direct knowledge of the deal said. Hong Kong Airlines ...
Hong Kong Monetary Authority chief pledges support for US dollar peg  South China Morning Post
Hong Kong needs to make the case for dual currency IPOs  GlobalCapital
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Hong Kong Dollar: is the peg under threat?
The Hong Kong Dollar (HKD) isn't a currency we often talk about at FOREX.com as it is pegged to the USD and usually doesn't move too much.
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Is China's Money Pouring Into Hong Kong?
HONG KONG�The Hong Kong Monetary Authority (HKMA) has intervened in the currency market eight times in just ten days due to recent unusual fluctuations of the Hong Kong dollar's effective exchange rate index. Some bankers have said it is unusual that ...
Hong Kong-Shanghai Stock Connect Poses Liquidity Challenge  China Money Network
Hong Kong Bourse May See Further Upside  NASDAQ
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HKMA Buys $1.6 Billion in Currency Defense on Merger Demand
Hong Kong linked its currency to the U.S. dollar in 1983 when negotiations between China and the U.K. over the city's return to Chinese rule spurred capital outflows.
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Hong Kong Airlines considers first ever IPO in both HK dollars and yuan
The offering, which could come in the fourth quarter, would follow a 'dual tranche, dual counter' model - as outlined by the Hong Kong Stock Exchange in IPO guidelines issued in 2011 - that would create two sets of shares, one in yuan and one in ...
Market exchange rates in China -- July 7  GlobalPost
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