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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 ...
The Hong Kong dollar (Chinese: 港元, sign: HK$; code: HKD) is the official currency of Hong Kong. It is subdivided into 100 cents. Historically, it was also subdivided into 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar.
Below are the top 10 most expensive houses in Hong Kong.Prices (valuation) are based on best estimates in 2023. Factors determining prices include location, view, built quality, past transactions, media reports and annual figures published by Rating and Valuation Department of the Government.
The same mechanism also works when the market rate is above 7.80, and the banks will convert Hong Kong dollars for US dollars. The Hong Kong dollar is backed by one of the world's largest foreign exchange reserves, which is over 7 times the amount of money supplied in circulation or about 48% of Hong Kong dollars M3 at the end of April 2016. [3]
The Stock Exchange of Hong Kong (香港交易所, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the 8th largest globally by market capitalization as of August 2024. [2] The exchange plays a crucial role in connecting international investors with ...
Bedspace apartment. A bedspace apartment (Chinese: 牀位寓所), also called cage home (籠屋), coffin cubicle, or coffin home (棺材房), is a type of residence that is only large enough for one loft bed surrounded by a metal cage. [1]: 23 This type of residence originated in Hong Kong, and primarily exists in older urban districts such as ...
The Hang Seng Index (HSI) is a market- capitalization-weighted stock market index in Hong Kong, adjusted for free float. It tracks and records daily changes in the largest companies listed on the Hong Kong Stock Exchange and serves as the primary indicator of overall market performance in Hong Kong. These 82 constituent companies represent ...
The Mass Transit Railway Corporation (Chinese: 地下鐵路公司) was established on 22 September 1972 as a government-owned statutory corporation to build and operate a mass transit railway system to meet Hong Kong's public transport needs. On 30 June 2000, the MTRC was succeeded by the MTR Corporation Limited (MTRCL, 地下鐵路有限公司).