HKMA chief says Exchange Fund to ride out financial storm
Caught in this perfect storm, the Exchange Fund, which aims to safeguard the exchange value of the Hong Kong dollar, is expected to suffer a “significant loss” in the first…
Caught in this perfect storm, the Exchange Fund, which aims to safeguard the exchange value of the Hong Kong dollar, is expected to suffer a “significant loss” in the first…
He also predicted that Hong Kong’s economic recovery will continue to face challenges in the second half of the year.
Hong Kong sizzled on July 24 with temperatures reaching 36.1 degrees Celsius, the highest for a July day since records began in 1884, according to the Hong Kong Observatory.
Since the beginning of the year until July 20, the WHO has detected more than 14,500 suspected and confirmed cases in 72 countries or regions.
Ocean Park Hong Kong said that An An’s health had deteriorated slowly but progressively in the past few weeks with a severe decrease in physical activities and food intake.
In view of surging inflation in some major import sources, price pressures on the external front are expected to remain notable, said a government spokesman.
Since the start of a mass inoculation program in Feb 2021, about 92.8 per cent of the eligible population in Hong Kong have taken at least one dose of the vaccine.
The Hong Kong dollar is pegged to a tight band of between 7.75 and 7.85 versus the US dollar.
The number of people in Hong Kong who consider Mandarin to be their main language has increased from 60,000 in 2006 to 130,000 in 2016.
The four arrestees, aged 16 to 24, face charges of participating in an illegal assembly or rioting between June and October 2019.