Devisenmarkt Hong Kong (China)      26185.299     -0.33%     (Hang Seng Kurs)

 

The Hong Kong dollar's peg to the US dollar will not change despite recent volatility and a “mild erosion” of the US dollar's dominance, according to John Greenwood, the economist behind the city's currency mechanism. Hong Kong's currency board system acted “as designed” during a tumultuous year for the local dollar, Greenwood said on Tuesday during a briefing in the city. Earlier this year, a rare liquidity surge from the Hong Kong Monetary Authority's (HKMA) defence of the currency peg sent......

Hong Kong's monetary authority will launch a Renminbi (RMB) Business Facility from next month to support banks in offering yuan loans to companies, a move that aims to promote trade finance and direct investment as the city strengthens its role as an offshore yuan hub. The new facility would replace the 100 billion yuan (US$14 billion) in trade finance liquidity introduced in February, with several major enhancements to be rolled out in the following months, said Eddie Yue Wai-man, chief......

Hong Kong unveiled a blueprint on Thursday for its fixed income and currency markets, including measures to expand offshore yuan products and liquidity to consolidate its role as an international financial hub. The Roadmap for the Development of Fixed Income and Currency (FIC) Markets, jointly unveiled by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), sets out plans to broaden offshore yuan usage and expand cross-border Connect schemes to enhance......

The Hong Kong Monetary Authority (HKMA) cautioned investors that no stablecoins pegged to the offshore yuan had been approved for issuance in the city, as regulators sought to temper the frenzy surrounding digital assets. In a statement published on WeChat on Wednesday, the HKMA refuted claims circulating on social media that the first offshore yuan-pegged stablecoin had been issued in Hong Kong. The authority said it had not granted any licences for stablecoin issuers and deemed any related......

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Hong Kong is working on expanding the use of offshore yuan bonds as collateral while developing a market-based yield curve for the debt, reinforcing the city's role in opening up China's capital markets....

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Companies in Hong Kong moved swiftly on Monday to take advantage of a new Swap Connect rule that lets them hedge using China's onshore loan prime rate (LPR), as demand rises to manage yuan interest-rate risks. The measure, which was introduced by mainland China and Hong Kong regulators in May and went live on Monday, is part of a drive to expand product offerings under Swap Connect. Launched in Hong Kong in 2023, Swap Connect allows global investors to access mainland China's interbank financial......

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......