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HONG KONG: China's national security law for Hong Kong and moves by the United States to begin withdrawing privileges enjoyed by the city under U.S. law have unsettled investors.
SOME top advisers to President Donald Trump want the U.S. to undermine the Hong Kong dollar’s peg to the U.S. dollar as the administration considers options to punish China for recent moves to chip away at the former British colony’s political freedoms, according to people familiar with the matter.
HONG KONG: Hong Kong’s rallying stock market is defying predictions of the death of the city in the wake of a new security law.
HONG KONG/SHANGHAI, June 29 (Reuters): China announced details of a long-anticipated pilot scheme on Monday linking up investment of wealth management products in Hong Kong and Macau with neighbouring cities, to further integrate the semi-autonomous economies with the mainland.
BANGKOK (The Nation/ANN): The Bank of Thailand (BOT) has announced that it will develop a prototype payment system for businesses using the Central Bank Digital Currency (CBDC), which will build on the knowledge learned from Project Inthanon.
HONG KONG: The Hong Kong Monetary Authority (HKMA) has announced on Saturday (June 6) that it sold HK$8.758 billion ($1.13 billion) worth of Hong Kong dollars on Friday after the currency hit the strong end of its trading band against the US dollar.
HONG KONG wants to send a clear message to its residents and the world: its currency peg isn’t in doubt, despite the city being increasingly caught up in tensions between Beijing and Washington.
HONG KONG (Reuters) - Some global companies are considering shifting some of their treasury operations out of Hong Kong as the United States moves to end the city's privileges, senior bankers said, in the latest blow to the territory's status as a major financial hub.
HONG KONG: The Hong Kong Monetary Authority (HKMA) on Sunday (May 31) has said that it has the capability, resources and determination to safeguard Hong Kong's monetary and financial stability.
HONG KONG: Hong Kong stock exchange’s boss called for confidence that the city will maintain its “undisputed” role as Asia’s financial nave, even as it battles the fallout from the coronavirus outbreak and political unrest.