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Hong Kong Foreign Exchange Reserves
Foreign Exchange Reserves in Hong Kong are defined as the foreign assets kept or managed by the central bank of the country. Mostly, gold or a specific currency is used as a reserve asset. Additionally, they can be special drawing rights and marketable securities denominated in foreign currencies, such as foreign currency loans, treasury bills, government bonds, corporate bonds, and equities.
A higher than expected figure should be seen as positive (bullish) for the HKD while a lower than expected figure should be seen as negative (bearish) for the HKD.
News (HKD)
Hong Kong Budget Focuses On Spending Cuts, Promoting AI
Hong Kong Financial Secretary Paul Chan unveiled the budget on Wednesday that largely focused on government spending cuts with minimal impact on people's livelihood and underscored the importance of artificial intelligence to enhance competitive edge. The government estimated a consolidated deficit of HK$87.2 billion for 2024-25, which was smaller than the HK$100 billion previous projection.
RTTNews | 123 days ago
Hong Kong PMI Ebbs In January - S&P Global
The private sector in Hong Kong continued to expand in January, albeit at a slower pace, the latest survey from S&P Global revealed on Wednesday with a PMI score of 51.0.
RTTNews | 144 days ago
Hong Kong Private Sector Ebbs In December - S&P Global
The private sector in Singapore continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a PMI score of 51.1.
RTTNews | 174 days ago
