The Hong Kong Monetary Authority also did its part to back markets, cutting its key interest rate by half a percent -- the second such move.
Joseph Yam, chief executive of the Hong Kong Monetary Authority, and Rafael Hui, secretary for financial services, wanted to fight the predators in the equities market.
In July, the central bank issued a memorandum of cooperation with the Hong Kong Monetary Authority to allow the currency to have an expanded role there.
Moves by the Hong Kong Monetary Authority to introduce a U.S. dollar-clearing system in stages this year suggest a possible slow move toward at least partial dollarization.
Even higher (though arguably not as dramatic) is the view from the windows of the Hong Kong Monetary Authority Information Centre on the 55th floor of Two International Finance Centre.
The commission is looking into nearly 250 cases that have been screened for formal investigation by the Hong Kong Monetary Authority, which is investigating more than 4, 100 cases separately.
The swoop began on August 14th, when the Hong Kong Monetary Authority, which serves as the territory's central bank, bought up blue-chip shares through a select group of brokers.
As China's households grow richer, meat, poultry and milk are claiming a bigger share of their budgets, according to Wenlang Zhang and Daniel Law of the Hong Kong Monetary Authority.
His statement comes as a surprise to all, as throughout his 16 years as chief executive of the Hong Kong Monetary Authority (HKMA), he defended and strongly upheld the peg between the two currencies.
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On August 15th the Hong Kong Monetary Authority pushed interbank rates up to levels not seen since the Mexican peso crisis in 1995, to counter what it said was a speculative attack on the Hong Kong dollar.
An important recent development is that the Hong Kong Monetary Authority has significantly extended the operating hours of the RMB payments system, so that RMB transactions carried out in London during the European working day can be processed and settled speedily.
Third, there is the obvious irony that the Hong Kong dollar remains pegged to the U.S. dollar and even after 30 years, including the turbulent Asian currency crisis of the late 1990s, the Hong Kong Monetary Authority is reluctant to embrace a more logical tie to the yuan.
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In the case of Singapore, it is the Monetary Authority of Singapore, and in Hong Kong, the Hong Kong Securities and Futures Commission.
The Monetary Authority will enforce an 80% limit on mortgage loans -- the ceiling in Hong Kong is 70% of the property's assessed value.
The monetary authority, says Mr Miller, should sell convertible bonds which, if denominated in Hong Kong dollars, carry an option for the holder to convert into American dollars at the set rate.
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