Hong Kong dollar is little jostled as island in the storm

Article Abstract:

Hong Kong may not suffer any financial setbacks compared to its neighbor Asian countries. The currency as well as the financial market are at a very competitive level. It enjoys a separate currency regulation from China with the United States controlling over its exchange interest rate. This, however is part of China's commitment to Hong Kong after the turnover in July 1, 1997. Nevertheless, the country is plagued with a housing shortage which economists believe may alter any curency surplus it is enjoying at present.

Currency Stabilization Programs, Evaluation, Prices and rates, Influence, Foreign exchange rates, Dollar (United States), Currency stabilization, Bank management, Dollar (Hong Kong)

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Korea's financials set Hong Kong investors on edge

Article Abstract:

Mounting lending rates for the Hong Kong dollar indicate that local investors are apprehensive about the deteriorating financial system of South Korea as Korean won has plummeted. According to interbank lenders, banks worry about the reappearance of currency speculators who want to displace the Hong Kong dollar. The Hong Kong Monetary Authority has earned criticism for allegedly intervenening to help ailing banks, compromising the exchange rate in the process.

Economic Planning & Research, South Korea, Interest rates, Hong Kong foreign relations, South Korean foreign relations

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A stable economy keeps fears of the future at bay

Article Abstract:

The Asian Wall Street Journal's Confidence Check suggests that the stable economy is helping Hong Kong residents remain upbeat regarding the country's future after its return to Chinese sovereignty. An analysis of Hang Seng index trading figures shows that business is going on at a steady pace and the confidence poll 75 days before the handover shows that more than 60% are confident of the country's prospects.

Economic Statistics & Research, Analysis, Public opinion, Political reform, Hang Seng Index (Index)

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