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This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... 6.50 0.50: 1 July 2023 [13] 5.58 ... Hong Kong: 4.75 0.25:
In Hong Kong, HIBOR is officially called the "Hong Kong Dollar Interest Settlement Rates". It is defined in the Guide to Hong Kong Monetary, Banking and Financial Terms as "The rate of interest offered on Hong Kong dollar loans by banks in the interbank market for a specified period ranging from overnight to one year."
In 2009, Hong Kong's real economic growth fell by 2.8% as a result of the Great Recession. [33] By the late 20th century, Hong Kong was the seventh largest port in the world and second only to New York City and Rotterdam in terms of container throughput. Hong Kong is a full Member of the World Trade Organization. [34]
A weak Hong Kong dollar and capital outflows have pushed the city's interbank rates to 14-year highs and drained cash levels to their lowest in two years, sparking investor worries about Hong Kong ...
The Hong Kong Monetary Authority will follow the US Federal Reserve in keeping interest rates close to zero through 2022 to support the battered economy, a strategy that is set to attract fund ...
After the establishment of Hong Kong as a British colony in 1842, the territory witnessed the foundation of its modern banking system. [1] The Hongkong and Shanghai Banking Corporation (HSBC) was established in 1865, with the primary purpose of financing trade between China and Europe.
Hong Kong's base rate will rise to 2.75 per cent effective immediately, according to a statement by the Hong Kong Monetary Authority (HKMA), the city's de facto central bank.
Director of the Office of the Hong Kong Chief Executive John Tsang Paul Chan: 3: Eddie Yue Wai-man, JP 余偉文 (1965–) 1 October 2019 Incumbent: 5 years and 130 days Chinese University of Hong Kong (B.B.A.) University of London (LL.B, M.S.) Harvard University (M.B.A.) Deputy Chief Executive of the Hong Kong Monetary Authority Paul Chan