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Business 21 Sep 2005 | 12:00 AM

Hong Kong central bank raises interest rates

Hong Kong's central bank on Wednesday raised its base rate by 0.25 percentage points to 5.25 percent, matching the overnight interest rate hike by the U.S. Federal Reserve.

Business 10 Aug 2005 | 12:00 AM

Hong Kong central bank raises rates quarter percentage point, matching U.S. move

Hong Kong's central bank Wednesday raised its base rate a quarter percentage point to 5.00 percent, matching the overnight rate hike by the U.S. Federal Reserve.

Business 23 Jul 2005 | 12:00 AM

Yuan move doesn’t bring HK dollar merger any closer

Hong Kong has welcomed reform of China's currency regime but any move by the territory to link its currency to the yuan is still years if not decades away, analysts say.

Business 14 May 2005 | 12:00 AM

HK pondering upper limit for currency, says adviser

The government may fine tune its currency system to limit the strength of the local dollar to help prevent domestic interest rates from straying too far from US rates, a government adviser said yesterday.

Business 14 Apr 2005 | 12:00 AM

Deputy head of HK central bank resigns

The deputy chief executive of the Hong Kong Monetary Authority has resigned for personal reasons, the territory's central bank said.

Business 02 Sep 2004 | 12:00 AM

Hong Kong buys own currency

Hong Kong bought its own currency and sold US dollars amid a decline in the city's dollar. Since May Hong Kong bought about HK$49bil (US$6.3bil), close to the amount it sold between September last year and February.

Business 13 May 2004 | 12:00 AM

Hong Kong Money Authority buys HK$780mil, sells US dollars

The Hong Kong Monetary Authority (HKMA), the territory's de facto central bank, said yesterday it had bought HK$780mil from banks in exchange for US dollars.

Business 06 May 2004 | 12:00 AM

Hong Kong lawmakers pass first depositor protection measures

Hong Kong bank customers will now have deposits of up to 100,000 Hong Kong dollars (US$12,800) protected by the government in case of a bank failure, an official said Thursday.

Business 30 Apr 2004 | 12:00 AM

China probes construction projects in overheated industries

Beijing broadened its investigations into construction projects in its latest attempt to cool the economy.

Business 12 Feb 2004 | 12:00 AM

News in brief

News briefs from Hong Kong on Fubon Financial Holdings of Taiwan and Jakarta on the state electricity corporation.