Devisenmarkt Hong Kong (China)      25499.1     0.0%     (Hang Seng Kurs)

 

The world's first offshore yuan-denominated tokenised public bond was issued in Hong Kong on Monday, in a deal seen as a milestone in the city's ambition to become a digital finance hub. GF Securities (Hong Kong) Brokerage raised 500 million yuan (US$70 million) on behalf of Shenzhen Futian Investment Holdings, with the two-year bond carrying a 2.62 per cent coupon and an A- rating from Fitch. The deal, executed on the Ethereum blockchain, has been listed on both the Shenzhen and Macau exchanges......

Tungsten miner Jiaxin International Resources debuted on the Hong Kong and Kazakh stock exchanges on Thursday in the world's first such dual listing, highlighting deepening ties between China and Central Asian nations. Shares of the Chinese company, whose only project is in Kazakhstan, surged 178 per cent to HK$30.34 on Thursday from its initial public offering (IPO) price on the Hong Kong stock exchange. Jiaxin's listing on the Astana International Exchange (AIX) was a “pioneering example” of......

The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market overnight for the 11th time since late June, buying local currency and absorbing interbank liquidity in a move that analysts believe will increase local interest rates and deter carry traders looking to exploit the city's interest rate differential with the US dollar. The HKMA said it sold US$900 million and purchased the equivalent of HK$7.07 billion at an exchange rate of HK$7.85 per US dollar during New York......

Hong Kong's brief pause from defending its beleaguered currency proved to be short lived, as the authorities were forced to buy local dollars for the third time in a week amid stock outflows and carry trade pressure....

ChinaAMC (HK), the Hong Kong arm of Chinese fund house China Asset Management, launched the world's first yuan-denominated tokenised fund on Thursday, aligning with the city's regulatory framework for stablecoins, which is expected to stimulate demand for digital assets. While a yuan stablecoin is currently unavailable, mainland Chinese officials have softened their stance on digital currencies and the broader digital asset space. With Hong Kong's stablecoin ordinance taking effect from August......

The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market on Tuesday, for the sixth time since late June, purchasing the local currency and raising overnight lending costs in an effort to deter traders seeking to profit from the city's interest rate differential with the US dollar. The city's de facto central bank said on Tuesday that it sold US$1.89 billion and bought HK$14.83 billion at HK$7.85 per US dollar during New York trading hours on Monday. The authority added......

Hong Kong authorities intervened for the fifth time in about three weeks to prevent the city's currency from weakening beyond its official trading band....

Hong Kong authorities intervened for the fourth time in two weeks to prevent the city's currency from weakening beyond its official trading band, after previous efforts failed to drain enough liquidity to push up funding costs....

Hong Kong's currency defense has become a balancing act that threatens its nascent economic recovery....

Seit 1983 ist der Hongkong-Dollar an den US-Dollar gekoppelt. Doch jetzt wird das Modell auf eine harte Probe gestellt.Jetzt den vollständigen Artikel lesen...

Hong Kong's de-facto central bank bought the city's dollar again to defend its foreign-exchange peg, as two previous rounds of intervention failed to send funding costs high enough to dampen bearish currency bets....

A Beijing-based fintech services provider, which has provided billing systems for China's digital yuan, has signed a strategic partnership with a Hong Kong firm to tap stablecoin and virtual asset business opportunities, in the latest sign of mainland interest in the city's recent moves to license cryptocurrency issuers. Shenzhen-listed North King Information Technology said on Wednesday that it had struck a deal with Hong Kong-listed GoFintech Quantum Innovation to develop infrastructure to......

Hong Kong's de-facto central bank ramped up purchases of the city's currency as it sought to defend a peg that has been strained by volatility in the greenback....

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OCBC Bank's Frances Cheung shares her views on the Hong Kong dollar (HKD) after the city's monetary authority intervened to defend the peg to the US dollar (USD). She tells Bloomberg Television that the amount of local currency the HKMA bought "was actually quite small" and that she suspects "further or additional FX intervention will be needed." (Source: Bloomberg)...

Hong Kong stocks retreated from a three-month high as property developers and lenders slumped after the monetary authority intervened in the currency market and mopped up liquidity, threatening to push up local interest rates. The Hang Seng Index fell 0.5 per cent to 24,348.08 at 10.03am local time on Thursday. The Hang Seng Tech Index gained 0.3 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both slipped 0.1 per cent. Sun Hung Kai Properties tumbled 3.8 per cent......

The Hong Kong Monetary Authority (HKMA) has stepped into the financial market for the first time since 2023 to support the weak local currency, which may lead to an increase in interbank interest rates and add to the burden on mortgage borrowers. The city's de facto central bank sold US$1.2 billion worth of US dollars to buy Hong Kong dollars at HK$7.85 per US dollar, according to a statement on Thursday. The action came after the local currency hit the weak end of its trading band at HK$7.85.......

Hong Kong's de facto central bank bought the local dollar to prop it up on Thursday, in a move to defend the city's currency peg to the greenback....

China's central bank could use Hong Kong as a sandbox for testing digital payment alternatives to internationalise the yuan, but Beijing's digital currency ambitions face hurdles because of the country's economic challenges, according to Morgan Stanley. Hong Kong has established the world's first regulatory regime for stablecoins – digital tokens that are pegged to a reference asset like a fiat currency – with the law taking effect from August 1. The move positioned Hong Kong as a launch pad for......

Global investors, including those based in Hong Kong, are channelling their funds into Japan's residential property market as returns from assets in mainland China sag in the midst of a four-year slump, according to market consultants. They ploughed in US$11.2 billion of capital into Japanese real estate in the first quarter, or 6 per cent above the five-year average, according to data compiled by Colliers, making it the fifth largest recipient globally. Investors from the US, Singapore and Hong......