CNYHKD CNY/HKD
- 1.06550
- +0.00030+0.03%
CNY/HKD News
In November, Hong Kong's CPI year-on-year was 1.4%, lower than expected.
On December 20, Gelo Exchange reported that Hong Kong's comprehensive CPI in November was 1.4% year-on-year, expected to be 1.5%, and the previous value was 1.40%.
After the hawkish Federal Reserve, the market took a breather, and the dollar remains "hot."
After the Federal Reserve's "hawkish rate cut", investors in Asia hope the market stabilizes as they welcome the last week of Trade for the year on Friday (December 20).
Express News | The composite interest rate in Hong Kong at the end of November is 2.20%, a decrease of 10 basis points month-on-month.
Zhongyuan Mortgage: It is expected that the best lending rate in Hong Kong will complete its rate cut next year, reducing the mortgage interest rate to 3.25%.
The Federal Reserve, as expected by the market, reduced interest rates by 0.25% after the meeting, marking the third rate cut this year, with a cumulative reduction of 1% in the USA since September.
Hong Kong Central Bank Cuts Interest Rate Tracking Fed Move, Banks Follow
[Direct Hit on the Asian Market] Powell dropped a bombshell! The Bank of Japan remains unchanged, Trump issues a threat.
After the Federal Reserve lowered its interest rate expectations for next year, Asian stock markets generally fell on Thursday (December 19). The yen depreciated because the Bank of Japan decided to maintain borrowing costs unchanged.
Eddie Yue Wai-man: Banks can decide whether to lower the deposit and lending rates in Hong Kong based on their own circumstances.
Eddie Yue Wai-man stated this morning that whether Banks lower deposit and loan interest rates is decided by the Banks themselves, based on the interbank interest rates and funding cost structure, and then decide whether to lower and by how much.
Express News | The President of the Hong Kong Monetary Authority: It is expected that interest rates may remain at relatively high levels for some time.
Hong Kong's Unemployment Rate Unchanged in September-October
Timely lowering of reserve requirements and interest rates, preventing and resolving risks in key areas, maintaining stable Exchange Rates. The central bank, financial regulatory authority, and Forex bureau collectively responded on how to proceed next ye
① The central bank also pointed out the need to explore and expand the macro-prudential and financial stability functions of the central bank, and effectively implement two monetary policy tools to support the stable development of the Capital Markets. Experts indicate that this statement significantly improves market expectations and enhances market anticipation for a slow bull market trend in the medium to long term; ② The Financial Regulatory Bureau pointed out the necessity to effectively prevent and resolve risks in key areas, continuously improving the quality and effectiveness of financial regulation, and promoting high-quality development in the Banking and Insurance industries.
Decision Analysis: China's budget deficit may hit a new high! Beware of the Federal Reserve's "hawkish interest rate cuts", Bitcoin is too crazy.
On Tuesday (December 17), Asian stock markets showed unstable performance, with the dollar remaining strong. Traders are preparing for several central bank meetings this week, where a rate cut is expected from the Federal Reserve, while the Bank of Japan may temporarily maintain its policy.
Hong Kong: Preliminary Statistics indicate that the GDP grew by 1.8% year-on-year in the third quarter.
According to the analysis of the service Industry by composition and comparison with the same period last year, the total value added by all service activities effectively increased by 1.9% in the third quarter of 2024, which is similar to the 2.0% increase in the second quarter.
Hong Kong: The seasonally adjusted unemployment rate from September to November is 3.1%.
On December 17, according to the latest labor force statistics published by the Hong Kong Census and Statistics Department (i.e., the provisional figures for September to November 2024), the seasonally adjusted unemployment rate for September to November 2024 is 3.1%.
Gelonghui, December 17 | The unemployment rate in Hong Kong for the three months of November is 3.1%, which matches expectations of 3.1% and is the same as the previous value of 3.10%.
Gelonghui, December 17 | The unemployment rate in Hong Kong for the three months of November is 3.1%, which matches expectations of 3.1% and is the same as the previous value of 3.10%.
How will the last "Super Central Bank Decision Week" of 2024 unfold?
In summary, last week, the dollar ended its pullback and resumed upward movement, rising for five consecutive days, while other non-MMF currencies experienced varying degrees of decline.
The central bank will implement a moderately loose monetary policy and timely reduce the reserve requirement ratio and interest rates to maintain ample liquidity.
① Implement a moderately loose MMF policy effectively. ② Better support key areas and weak links of high-quality development.
The State Administration of Foreign Exchange: In November, Banks settled 1465.8 billion yuan and sold 1440.9 billion yuan.
According to Statistics from the State Administration of Foreign Exchange, in November 2024, Banks exchanged 1,465.8 billion yuan and sold 1,440.9 billion yuan.
OCBC Bank: The market has fully priced in a 25 basis point rate cut from the Federal Reserve.
OCBC Bank economist Wang Haoting in Hong Kong stated that looking ahead to this week, the market will focus on a series of PMI data from the Eurozone, USA, United Kingdom, and Australia.
The Hong Kong Interbank Offered Rate generally rose, with the one-month rate slightly rebounding.
On December 16, the Hong Kong dollar interbank offered rate generally increased.
In November, China's industrial added value above the designated size increased by 5.4% year-on-year, with New energy Fund, Siasun Robot&Automation, and integrated circuits leading the growth.
From January to November, the added value of large-scale industries grew by 5.8% year-on-year. Among them, the production of New energy Fund vehicles, Siasun Robot&Automation, and integrated circuit products increased by 51.1%, 29.3%, and 8.7% respectively.