{"id":114656,"date":"2020-03-02T16:30:12","date_gmt":"2020-03-02T09:30:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/financial-system-remains-steady-despite-shocks-of-coronavirus-protests-says-hong-kong-monetary-authority-even-as-currency-takes-a-tumble\/"},"modified":"2020-03-02T17:09:30","modified_gmt":"2020-03-02T10:09:30","slug":"financial-system-remains-steady-despite-shocks-of-coronavirus-protests-says-hong-kong-monetary-authority-even-as-currency-takes-a-tumble","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/financial-system-remains-steady-despite-shocks-of-coronavirus-protests-says-hong-kong-monetary-authority-even-as-currency-takes-a-tumble\/","title":{"rendered":"Financial system remains steady despite \u2018shocks\u2019 of coronavirus, protests, says Hong Kong Monetary Authority, even as currency takes a tumble"},"content":{"rendered":"


\nHong Kong\u2019s currency has slipped from a recent three-year high as the deadly coronavirus outbreak unfolded, but the city\u2019s de facto central bank insists the financial system remains stable despite the epidemic\u2019s heavy toll on the economy.The Hong Kong dollar has weakened by 0.3 per cent to 7.783 per US dollar since February 5, when it reached 7.763 \u2013 its strongest level since March 2017.The local currency moved from the strong end towards the centre of its narrow trading band of 7.75 to 7.85\u2026
\n
\nSource : South China Morning Post
\nRead more…Financial system remains steady despite \u2018shocks\u2019 of coronavirus, protests, says Hong Kong Monetary Authority, even as currency takes a tumble<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s currency has slipped from a recent three-year high as the deadly coronavirus outbreak...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-114656","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tPi","jetpack-related-posts":[{"id":115472,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-target-hong-kong-buyers-for-overseas-property-as-local-dollar-becomes-asias-strongest-currency-amid-coronavirus-pandemic\/","url_meta":{"origin":114656,"position":0},"title":"Developers target Hong Kong buyers for overseas property, as local dollar becomes Asia\u2019s strongest currency amid coronavirus pandemic","date":"April 8, 2020","format":false,"excerpt":"\r Property developers are targeting buyers from Hong Kong for their overseas projects from Sydney to London, hoping to garner sales in the city with the best performing currency in Asia amid the coronavirus pandemic.Revenue from overseas home listings increased by 50 per cent in the first quarter from a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115190,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-airport-hotel-operator-regal-staring-at-abyss-as-it-takes-a-blow-from-coronavirus-and-protests\/","url_meta":{"origin":114656,"position":1},"title":"Hong Kong airport hotel operator Regal staring at abyss as it takes a blow from coronavirus and protests","date":"March 27, 2020","format":false,"excerpt":"\r Regal Hotels International Holdings, which owns the airport hotel in Hong Kong, said that the double whammy of coronavirus outbreak and social unrest could prove disastrous for the company, as one in five rooms at its properties remains unoccupied.\u201cUnless the further spread of the coronavirus can be promptly contained,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66404,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-ex-central-banker-calls-for-dual-currency-stock-prices-to-shield-city-from-risks\/","url_meta":{"origin":114656,"position":2},"title":"Hong Kong\u2019s ex-central banker calls for dual-currency stock prices to shield city from risks","date":"September 14, 2017","format":false,"excerpt":"\r Hong Kong\u2019s former de facto central banker has proposed expanding the use of the Hong Kong dollar and the renminbi for trading equities on the city\u2019s bourse, adopting a dual-currency system to ensure the local currency\u2019s stability and protect the monetary system against global currency flows. \u201cIt may be\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":159851,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-low-rate-honeymoon-ends-as-dollar-peg-defence-raises-hibor\/","url_meta":{"origin":114656,"position":3},"title":"Hong Kong\u2019s \u2018low-rate honeymoon\u2019 ends as dollar-peg defence raises Hibor","date":"August 25, 2025","format":false,"excerpt":"\r A \u201clow-rate honeymoon\u201d for Hong Kong borrowers has come to an end with an increase in the interest rate banks use to set loan prices, a mixed blessing that drives away carry traders but threatens a property market recovery and discourages corporate borrowing, according to analysts. The Hong Kong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131339,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-raises-base-rate-for-the-6th-time-in-8-months-in-lockstep-with-federal-reserves-policy-tightening\/","url_meta":{"origin":114656,"position":4},"title":"Hong Kong raises base rate for the 6th time in 8 months in lockstep with Federal Reserve\u2019s policy tightening","date":"November 3, 2022","format":false,"excerpt":"\r The HKMA has been conducting its monetary policy in lockstep with the US Fed since 1983 to maintain the currency peg to the US dollar under the city\u2019s linked exchange rate system.\r \r Source : South China Morning Post\r Read more...Hong Kong raises base rate for the 6th time\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129881,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-raises-base-rate-by-75-basis-points-to-14-year-high-as-fed-signals-more-pain-and-pledges-to-keep-at-it-to-contain-inflation\/","url_meta":{"origin":114656,"position":5},"title":"Hong Kong raises base rate by 75 basis points to 14-year high as Fed signals more pain and pledges to \u2018keep at it\u2019 to contain inflation","date":"September 22, 2022","format":false,"excerpt":"\r Hong Kong\u2019s rate increase, conducted in concert with US monetary policy to preserve the city\u2019s currency peg to the US dollar since 1983, came at an inopportune moment for the local economy.\r \r Source : South China Morning Post\r Read more...Hong Kong raises base rate by 75 basis points\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114656"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=114656"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114656\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}