The Hong Kong dollar's peg to the U.S. counterpart has kept borrowing costs in the city at near-record lows, underpinning a 109 percent gain in home prices since the beginning of 2009, even as the government imposed several property curbs to cool ...

Hong Kong's dollar might be inflating but its giant yellow duck sure isn't! The much-loved blowup "rubber ducky" made waves in Victoria Harbor two weeks ago, reminding locals of an innocent, happy time before the responsibilities of adulthood.

"The relative strengthening of the Hong Kong dollar against currencies such as the British Pound and Japanese Yen have also drawn the interest of buyers and a pick-up in buying interest has also been supported by a greater number of projects being ...

With its robust links to the world's biggest and second biggest economies, Hong Kong was been awash with liquidity as the Fed slashed interest rates to counter the global downturn and began quantative easing.

Hong Kong Monetary Authority can manage inflation risks caused by an appreciating yuan and is committed to its currency's dollar peg in place since 1983, Chief Executive Norman Chan said. The yuan's appreciation against the dollar will make food and ...

The yuan will eventually be a feasible currency for Hong Kong to peg its dollar against, in place of the US dollar, said John Greenwood, known as the "father of the Hong Kong-dollar peg". However, Greenwood said, the yuan must be fully convertible and ...

The Hong Kong authority will base the rates on contributions from at least 15 banks in a similar way to how it currently calculates the Hong Kong interbank offered rate (Hibor), which is for Hong Kong dollar-based transactions. The rates will be ...

HONG KONG May 3 (Reuters) - Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted a HK$17.1 billion ($2.20 billion) investment income gain for the first quarter, the Hong Kong Monetary Authority (HKMA) said on Friday.

Since 2002, the US dollar has lost a third of its value against a basket made up of the currencies of its trading partners and competitors (see the first chart).

On being asked whether it is planned to issue renminbi-denominated bonds or bonds denominated in other foreign currencies, Chan pointed out that only HKD bonds are issued under the GBP at present, in order to broaden the scale of the Hong Kong dollar ...