TheHongKongMonetaryAuthorityboughtthelocalcurrencyforthefirsttimesincethecurrenttradingbandwasimposedin2005,aftertheexchangeratesanktotheweakendofitspermittedra
HongKongandSingaporehaveunveiledplanstolinktradefinanceplatformsthey'redevelopingwithblockchaintechnology.Themovewillhelpreducepotentialfraudanderrorsinthemulti
Hong Kong’s banking regulator has expressed concern over the ultra-accommodative financing schemes offered by some Hong Kong developers to entice home buyers, saying that it is studying whether controls are needed to help offset credit risk.
Chief Executive of the Hong Kong Monetary Authority (HKMA) Norman Chan said on Monday that the HKMA respects the decision of HSBC Holdings' decided to keep its headquarters in London.
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