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The Hong Kong dollar ( Chinese: 港元, sign: HK$; code: HKD) is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar. Three commercial banks are licensed by the Hong Kong Monetary ...
Ho Sin Hang, chairman of the Hang Seng Bank, conceived the idea of creating the Hang Seng Index as a "Dow Jones Index for Hong Kong". [4] [5] Along with Hang Seng Director Lee Quo-wei, he commissioned Hang Seng's head of Research Stanley Kwan to create the index in 1964, [4] the index was initially used for internal reference in the Hang Seng Bank, they debuted the index on November 24, 1969.
The economy of Hong Kong is a highly developed free-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. [15] [16] Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, [17] and is pegged to the US dollar.
A Hong Kong court jailed pro-democracy activist Owen Chow for three days on Wednesday and levied a fine on his solicitor, Phyllis Woo, for taking a document out of prison without authorisation.
In early July, a visitor from the China's eastern province of Zhejiang took to social media to complain that she was only given HK$44 ($5.6; £4.5) in change after giving a cabbie HK$1,000 for a ...
Hong Kong[e]is a special administrative regionof the People's Republic of China. With 7.4 million residents of various nationalities[f]in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated territoriesin the world. Hong Kong was established as a colony of the British Empireafter the Qing dynastyceded ...
On 25 October 2022, the Hong Kong Democracy Council (HKDC) released a report titled "Business Not As Usual," which criticized executives going to the Global Financial Leaders' Investment Summit (GFLIS), stating "By attending the GFLIS, these global finance leaders are lending credibility not only to the government's whitewashing campaign, but ...
Hong Kong portal. v. t. e. The Hong Kong Economic Times (abbreviated as the HKET) is a financial daily newspaper in Hong Kong. It was founded by Lawrence S P Fung ( Chinese: 馮紹波; Chairman), Perry Mak (Managing Director), Arthur Shek Kang-chuen ( Chinese: 石鏡泉; Executive Director) and others. It started with a HK$ 20 million ...