Hong Kongâs monetary authority stepped into the foreign exchange markets for the first time in 2023 to support the local dollar amid capital outflows after another rate increase in the US earlier this month.
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Hong Kongâs monetary authority stepped into the foreign exchange markets for the first time in 2023 to support the local dollar amid capital outflows after another rate increase in the US earlier this month.
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Standard Charteredâs Benjamin Hung says senior executives of sovereign wealth funds he met last week all agreed assets allocated to China âcould be increasedâ.
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