Silver as an investment

Category Archives: Hong Kong Monetary Authority

“Hong Kong House Prices Could Soar Another 10% Next Year” – Have They Just Rung The Bell?

Hong Kong property was in Algebris Investments’ top tier of six most inflated bubbles from its longer list of the world’s fourteen biggest bubbles. The territory is ranked as the most expensive housing market in the world for the seventh successive year in 2017, with the medium home price selling for 18.1 times the median […]

“The Taps Are Gushing” Hong Kong ATM Withdrawals Surge As Facial Recognition Fears Spread

Amid a crackdown on unauthorized mainland currency outflows by forcing ATM users to undertake facial recognition before cash is dispensed in Macau, Hong Kong ATMs are reportedly being hit by a massive surge in withdrawals from China's UnionPay bank cards. As The South China Morning Post notes, the mainland has been strengthening regulations since last […]

Hong Kong Interbank Rates Spike To Highest Since Lehman

For only the third time since Lehman, the price of liquidity in the Hong Kong Dollar interbank markets has exploded higher. Overnight HKD Hibor soared over 60 basis points to 0.71407% in Monday trading – the highest since October 2008…   Note that the two previous spikes were around year-end, so this is unusual in […]

“Incredibly Aggressive” China Crushes Yuan Bears: CNH Surges Most On Record As Deposit Rate Hits 80%

Last night we were amazed to report that with China starting its trading day, the overnight offshore yuan (CNH) deposit rate had exploded 31.5% points higher to 45%, in a move which while freezing interbank liquidity and unleashing havoc to short-term bank funding needs, had the more direct intention of crushing Yuan shorts, by making […]