The Hong Kong Monetary Authority's (HKMA) said on Wednesday its new U.S. dollar lending facility will total $10 billion, in a bid to shore up U.S. dollar liquidity among local banks. Add details HONG ... ( read original story ...)
How Hong Kong’s Intervention Battle Will Chill The Carry Trade
Hong Kong’s defense of its currency peg will likely boost the interbank liquidity pool to a level unseen in two years, lowering local borrowing costs and weakening its dollars. ( read original story ...)
Why Hong Kong Is Extending Coronavirus Restrictions – Even as New Cases Dwindle to Zero
Hong Kong's conservative approach is in sharp contrast to the U.S., where some leaders are pushing to lift restrictions and reopen the economy as quickly as possible ... ( read original story ...)
What’s Next in Hong Kong’s Protests After the Coronavirus Lull?
The coronavirus outbreak put a damper on months of protests in Hong Kong, but political tension over China’s tightening grip on the city looks set to intensify rather than dissipate ahead of local ... ( read original story ...)
Hong Kong Leader Carrie Lam Replaces Five Ministers in Cabinet Reshuffle
Hong Kong Chief Executive Carrie Lam replaced five senior officials, including the minister overseeing ties with Beijing, in the biggest cabinet reshuffle since hundreds of thousands of demonstrators ... ( read original story ...)
Fitch cites Hong Kong’s increasing closeness to China as a reason for rating downgrade
Ratings agency Fitch lowered Hong Kong's sovereign rating from AA to AA- with a stable outlook. The move was the agency's second downgrade of the city's rating in less than a year, and places Hong ... ( read original story ...)
Hong Kong security chief warns of rising risk of ‘home-grown terrorism’
Critics say authorities in Hong Kong and Beijing are increasingly using the threat of what they call terrorism to justify calls for new national security laws. ( read original story ...)
A fresh crackdown in Hong Kong ‘will result in deaths’, says democracy leader
Martin Lee, who was arrested on Saturday, says protests will turn fatal if authorities go ahead with expected national security push ... ( read original story ...)
Hong Kong reshuffles cabinet as war of words with Beijing intensifies
China’s state council approved a Hong Kong government shake-up on Wednesday at a time when Beijing is reaffirming its authority over the city, raising political tensions and risking a revival of ... ( read original story ...)
Hong Kong Leader Says Reshuffle Aimed at Economic Recovery After Coronavirus
Hong Kong Leader Says Reshuffle Aimed at Economic Recovery After Coronavirus China's state council approved a Hong Kong government shake-up earlier on Wednesday. Ratcheting up tensions in the past ... ( read original story ...)
Hong Kong’s central bank sells HK$2.79 bln after HKD rises to trading limit
The Hong Kong Monetary Authority sold HK$2.79 billion ($360 million) worth of Hong Kong dollars early on Wednesday after the currency hit the strong side of its trading band. The Hong Kong dollar is ... ( read original story ...)
SoFi Acquires Hong Kong’s 8 Securities in First Global Push
Social Finance Inc. acquired 8 Securities, a Hong Kong mobile investing startup, marking its first expansion outside of the U.S. ( read original story ...)
‘What better time than now?’ Fears China will use crises to cement grip on Hong Kong
Recent arrests and posturing signal a turbulent future amid calls from Beijing for national security legislation to be expedited ... ( read original story ...)
Hong Kong Increases Currency-Peg Defense to $560 Million
Hong Kong’s de-facto central bank intervened to defend its currency peg as the local dollar touched the strong end of its trading band for the second day running.The Hong Kong Monetary Authority ... ( read original story ...)