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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.
BEIJING (China Daily/ANN): For the tens of thousands of US citizens living and working in Hong Kong, Beijing's top envoy in Washington has a clear message: China's proposed national security legislation on the region will only make the port city safer and more secure for them.
HONG KONG (Reuters): Hong Kong had no plans to change its currency's peg to the US dollar and the Asian financial hub has not seen any "obvious" capital outflows after Washington moved to strip the city of its special status in US law, the city's finance secretary said.
HONG KONG: Officials of the Hong Kong Special Administrative Region (HKSAR) government said on Monday morning (May 25) that safeguarding national security is a common responsibility that bears on the vital interests of all Hong Kong residents, reports Xinhua.
A letter from PROF DATUK DR PAUL CHAN, Vice Chancellor and President HELP University.
HONG KONG (China Daily/ANN): The Legislative Council on Thursday (May 14) passed a bill worth over HK$627 billion (US$80.9 billion) to provide support to Hong Kong people suffering hardship brought about by the coronavirus and months of social unrest.
HONG KONG: Cinemas in Hong Kong will be allowed to reopen from Friday (May 8) as part of a phased relaxation of social distancing measures in the city. The move was announced on Tuesday (May 5) afternoon by the city's Chief Executive, Carrie Lam, after a meeting of the Executive Council.
HONG KONG (China Daily/ANN): Hong Kong has sunk deep into recession with its economy posting its steepest quarterly plunge on record, shrinking by nearly 9 percent in the first three months of this year, exacerbated by the coronavirus pandemic.
HONG KONG: Government's data on Monday (May 4) showed that Hong Kong’s downturn is now the worst on record, extending the first recession seen in a decade as the coronavirus outbreak further battered an economy already weakened by political unrest. The city’s economy contracted 8.9% in the first quarter from year-ago levels.