The Hong Kong authority will base the rates on contributions from at least 15 banks in a similar way to how it currently calculates the Hong Kong interbank offered rate (Hibor), which is for Hong Kong dollar-based transactions. The rates will be ...

The Hong Kong dollar's peg to the U.S. counterpart has kept borrowing costs in the city at near-record lows, underpinning a 109 percent gain in home prices since the beginning of 2009, even as the government imposed several property curbs to cool ...

On being asked whether it is planned to issue renminbi-denominated bonds or bonds denominated in other foreign currencies, Chan pointed out that only HKD bonds are issued under the GBP at present, in order to broaden the scale of the Hong Kong dollar ...

When I was countersigning Hong Kong banknotes by hand in 1960 for Chartered Bank (all notes over $500 were so treated) banknote issue was backed by sterling deposits with the Bank of England under strict regulation ("Coalition in veto warning over ...

"The relative strengthening of the Hong Kong dollar against currencies such as the British Pound and Japanese Yen have also drawn the interest of buyers and a pick-up in buying interest has also been supported by a greater number of projects being ...

With its robust links to the world's biggest and second biggest economies, Hong Kong was been awash with liquidity as the Fed slashed interest rates to counter the global downturn and began quantative easing.

Since 2002, the US dollar has lost a third of its value against a basket made up of the currencies of its trading partners and competitors (see the first chart).

John Greenwood, the chief economist of fund management company Invesco, said the Hong Kong dollar could be linked to the yuan after the latter becomes an international reserve currency.

HONG KONG May 3 (Reuters) - Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted a HK$17.1 billion ($2.20 billion) investment income gain for the first quarter, the Hong Kong Monetary Authority (HKMA) said on Friday.

Hong Kong's dollar might be inflating but its giant yellow duck sure isn't! The much-loved blowup "rubber ducky" made waves in Victoria Harbor two weeks ago, reminding locals of an innocent, happy time before the responsibilities of adulthood.