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HONG KONG (Xinhua): The aggregate balance in Hong Kong's banking systems hit a nearly three-year high with a strong local currency and a continuous capital influx, reassuring investors about the stability of the global financial center.
HONG KONG (China Daily/ANN): The Hong Kong Monetary Authority relaxed loan rules for commercial real estate, a step intended to ease the pressure on businesses that have been adversely affected by the coronavirus pandemic.
HONG KONG (China Daily/Agencies): They’ve mapped out exit routes, opened offshore bank accounts and secured overseas passports.
HONG KONG (Reuters) - Hong Kong financial regulators sought to calm market fears on Saturday as global financial firms in Hong Kong weighed cutting ties with local clients after the United States imposed sanctions on senior Hong Kong and Chinese officials.
HONG KONG: Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted investment loss of HK$10.6 billion ($1.37 billion) in the first half of 2020, the Hong Kong Monetary Authority (HKMA) said on Friday.
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.