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The HKMA guarantees to exchange US dollars into Hong Kong dollars, or vice versa, at the rate of 7.80. When the market rate is below 7.80, the banks will convert US dollars for Hong Kong dollars from the HKMA; Hong Kong dollar supply will increase, and the market rate will climb back to 7.80.
The Clearing House Automated Transfer System, or CHATS, is a real-time gross settlement (RTGS) system for the transfer of funds in Hong Kong.It is operated by Hong Kong Interbank Clearing Limited (HKICL), a limited-liability private company jointly owned by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks.
In the same year, the Hong Kong dollar was pegged to the U.S. dollar at a rate of HK$5.65 = US$1, revised to HK$5.085 = US$1 in 1973. From 1974 to 1983, the Hong Kong dollar was not anchored to another currency, changing the monetary regime from a currency board system to a floating currency system.
Airport Freight Forwarding Centre AFFC is a wholly owned subsidiary of Sun Hung Kai Properties , one of the largest property developers in Hong Kong. It offers tenants more than 1,300,000 square feet (120,000 m 2 ) of storage space and 175,000 square feet (16,300 m 2 ) of class A office space .
Payable at the airport on departure. Honduras: L 700 (US$ 29.14) Only applies to air. Small land departure tax. Hong Kong: HK$120 (US$ 15.44) by air HK$18 (US$ 2.32) by ferry Included in tickets. Refundable in some cases. [12] Iran ﷼520,000 (US$ 12.38) Only applies to Iranian citizens and should be paid at the airports or Melli bank branches.
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.
Hai Chang catamaran at Hong Kong China Ferry Terminal.. Chu Kong Passenger Transport Co., Ltd. (CKPT; traditional Chinese: 珠江客運; simplified Chinese: 珠江客运) is a subsidiary of Chu Kong Shipping Enterprises (CKS) and operates ferry services between Hong Kong and cities in Guangdong province, China, as well as Macau.
A MetroJet Gulfstream G550 DRW. Metrojet is a Hong Kong provider of business aviation services to users in the Asia Pacific region. Established in 1997, Metrojet pioneered business aviation services in Hong Kong and provides all-inclusive aircraft management, charter, maintenance, and aviation consultancy services.
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