日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Authority sees no need to change peg to US dollar

Updated: 2009-07-15 07:08

(HK Edition)

  Print Mail Large Medium  Small

HONG KONG: The city's de facto central bank reiterated yesterday its commitment to defend the Hong Kong dollar's peg to the US dollar.

"There is absolute no need to make any change in the peg system... Once you make a change, there will be more demands for other changes. This will damage the credibility of the peg," Joseph Yam, chief executive of the Hong Kong Monetary Authority (HKMA), told reporters in Beijing.

He made the comment in response to media questions about some market speculations that the Hong Kong government may consider widening the currency's allowable trading band.

For example, international bank ING Groep NV predicted that HKMA may widen the local currency's trading band versus the US dollar in the next one to two years, enabling it to appreciate as the mainland's economic growth lures investment to the city.

The HKMA injected about HK$189 billion ($24.4 billion) in the first half of 2009 to prevent the local dollar from strengthening beyond its permitted range of HK$7.75 to HK$7.85.

Tim Condon, chief Asia economist at ING in Singapore, said the limit may be eased to allow an advance to HK$6.80, adding that that's in line with his one-year projection for the yuan's rate against the US currency.

"The Chinese economy's stronger-than-expected response to the easier monetary and fiscal policy is attracting confidence-sensitive capital," he said. "That's going to be a source of headache for the HKMA and will lead them to eventually widen the band."

Hong Kong's currency has been pegged at about HK$7.80 per US dollar since 1983. It hasn't been weaker than HK$7.76 in the past four months. The yuan was at 6.8334 versus the greenback and Condon predicts it will climb 1.5 percent to 6.73 in 12 months.

The People's Bank of China approved on July 2 a trial for five mainland cities to use yuan for settling cross-border trade with Hong Kong, encouraging companies to replace the US dollar in their transactions.

Yam said July 9 he won't exclude the possibility of the yuan becoming the preferred currency used in Hong Kong even as the city's dollar acts as legal tender, according to the Wall Street Journal. He compared the situation with Macao, where the pataca is the official currency and most money in circulation is Hong Kong dollars.

Bloomberg News

(HK Edition 07/15/2009 page4)

主站蜘蛛池模板: 91麻豆精品在线观看 | 97精品视频| 天天操天天操天天操天天操天天操 | 欧美成人区 | 久久精品国产视频 | 亚洲网站视频 | 色婷婷欧美 | 91精品久久久久久久 | 日韩中文在线视频 | 中文字幕永久 | 天堂√8在线中文 | 神马影院一区二区 | 蜜桃视频黄色 | 99久久精品国产一区二区三区 | 午夜精品免费观看 | 欧美精品在线免费观看 | 亚洲欧美日本在线观看 | 久久久久久久免费 | 亚洲精品五月天 | 久久久久女教师免费一区 | 成人免费毛片视频 | 成人免费在线视频网站 | 葵司免费一区二区三区四区五区 | 狠狠插av | 中文字幕资源在线 | 日本黄色片视频 | 日本午夜在线观看 | 日韩精品一区二区三区中文在线 | 先锋影音av在线 | 日韩一区二区三 | 手机在线亚洲 | 五月伊人婷婷 | 日本在线观看一区二区三区 | 国产精品久久久久久久久久久久久久久久 | 天天综合视频 | 亚洲国产视频一区 | 99一区二区三区 | 欧美成人免费在线视频 | 人人cao| 一二区精品 | 成人综合色站 |