US dollar

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Futu opens flagship branch on retail high street to tap Hong Kong’s stock market bull run

Futu Holdings is expanding its footprint in Hong Kong with the opening of its first flagship store and inaugural Institutional…

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Former China central bank governor urges caution amid stablecoin frenzy

Former Chinese central bank governor Zhou Xiaochuan has urged a more measured tone amid a global surge of interest in…

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Hong Kong home prices log fourth straight gain in July as market shows signs of recovery

Hong Kong’s lived-in home prices rose for a fourth consecutive month to a seven-month high in July, indicating the city’s…

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China’s yuan fixing rate hits 9-month high after dovish pivot by US Fed chair

China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in more…

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Hong Kong’s ‘low-rate honeymoon’ ends as HKMA’s dollar-peg defence raises Hibor

A “low-rate honeymoon” for Hong Kong borrowers has come to an end with an increase in the interest rate banks…

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HKEX’s first-half profit soars 39% to record HK$8.52 billion on IPO boom, trading volume

Hong Kong Exchanges and Clearing (HKEX) set new records for second-quarter and first-half earnings amid a boom in initial public…

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Chinese researchers lodge concerns over US debt as Beijing limits exposure

Calls for China to gradually reduce its exposure to US dollar assets are growing louder as Washington’s national debt continues…

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China’s push to promote its currency accelerates with landmark Fortescue loan

China has passed another milestone in its efforts to promote the global use of its currency, with the Australian metals…

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China should keep GDP growth between 4.5% and 5% for next 5-year plan: scholar

China will need to achieve annual gross domestic product growth of at least 4.5 per cent over the next five…

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China’s yuan reshaping global order – but US-backed stablecoins seen as a threat

The yuan’s internationalisation remains on an upwards, if uneven, trajectory and is gradually reshaping the global monetary order, according to…

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