Michelle Chen

Chinese firms tipped to sell more dollar bonds despite Fed rate hike forecasts

Feb 13 2018

HONG KONG Chinese companies are expected to raise more funds in the global dollar bond market this year after robust issuance in 2017 even as inflation fears trigger speculation that major central banks might raise interest rates more aggressively.

Hong Kong dollar seen staying weak, thanks to low local interest rates

Jan 29 2018

HONG KONG, Jan 29 No matter how low the U.S. dollar might go, one Asian currency that has not strengthened against it recently is expected to stay weak - the Hong Kong dollar.

Signs point to revival in international use of China's yuan

Jan 23 2018

HONG KONG The sale of a 900-million-yuan ($140 million) offshore bond has added to signs that the international use of the Chinese currency is recovering after several years in the doldrums.

Hong Kong stock rally gains momentum from China share reform

Jan 05 2018

HONG KONG Chinese appetite for Hong Kong equities, ample cash supply and optimism over share reforms could propel the city's benchmark stock index up as much as 15 percent this year, after an already bullish run in 2017, fund managers and analysts say.

Hong Kong money market rates seen rising further from 9-year highs

Dec 01 2017

HONG KONG, Dec 1 Hong Kong money market rates are expected to spiral higher after hitting fresh nine-year highs this week, thanks to tighter liquidity near year-end and expectations of interest rate hikes by the U.S. Federal Reserve in 2018.

China's offshore yuan hovers around one-month high, funding cost surges

Jan 04 2017

HONG KONG, Jan 5 China's offshore yuan retreated in Hong Kong after making its biggest gain in a year in overnight trade, but it was still hovering around a one-month high as surging funding costs forced yuan short sellers to square positions and stop losses.

China steps in to support yuan again as Trump inauguration nears

Jan 04 2017

HONG KONG China stepped into both its onshore and offshore yuan markets to shore up the faltering yuan for a second day on Wednesday, sparking speculation that it wants a firm grip on the currency ahead of U.S. President-elect Donald Trump's inauguration.

Yuan falls to 8-year low as China-critic Trump prepares to take office

Nov 16 2016

HONG KONG China's yuan weakened to an eight-year low on Wednesday as expectations of higher U.S. interest rates buoyed the dollar, putting Beijing's commitment to market-oriented reforms in the spotlight as fierce critic Donald Trump prepares to take office.

INTERVIEW-China ratings firm Dagong feeling the heat from competitors at home

Sep 08 2016

HONG KONG, Sept 8 China's best-known ratings agency, Dagong Global Credit Rating, is feeling the pressure of cut-throat competition at home from local rivals, while the operating environment in Europe remains unfavourable, Chairman Guan Jianzhong told Reuters.

Hong Kong to launch banking fintech 'sandbox' as rivals pull ahead

Sep 06 2016

HONG KONG Hong Kong on Tuesday said it has launched a regulatory regime known as a "sandbox" for financial technology innovation in the banking sector, amid fears the city is losing ground to China, Australia and Singapore in the fintech race.

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