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Paul Chan Mo-po, the Financial Secretary of Hong Kong: It is expected that interest rates will remain at a low level for some time, which is beneficial for the property purchase business.
The Hong Kong dollar has strengthened recently, prompting the Monetary Authority to intervene multiple times to take on USD sell orders, causing the 1-month Hong Kong Interbank Offered Rate (HIBOR) related to mortgages to hit a new low of over two and a half years.
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Hong Kong Monetary Authority: It is expected that factors such as the supply and demand of Hong Kong dollar funds and overall liquidity will continue to affect the Hong Kong dollar interbank offered rate.
On May 8th, the Hong Kong Monetary Authority responded to the Federal Reserve's interest rate decision, stating that the currency and financial markets in Hong Kong, China, are operating in an orderly manner.
The Monetary Authority has maintained the base interest rate at 4.75%.
After the USA Federal Reserve kept interest rates unchanged, the Hong Kong Monetary Authority maintained the base rate at 4.75%.
Express News | The Hong Kong Monetary Authority keeps the benchmark interest rate unchanged at 4.75%; the Federal Reserve announced to hold steady overnight.
Is the "water buffalo" market repeating itself? The Hong Kong dollar has triggered the strong-side guarantee after five years, and massive liquidity is Bullish for Hong Kong stocks.
① After five years, the Hong Kong Dollar has triggered the strong-side Convertibility Undertaking. What are the Indicators of this significance? ② The Monetary Authority injected billions of liquidity into the market. What impact will this have on Hong Kong stocks?