Like Tree33Likes

HKD/USD @ 7.85?

Closed Thread
Page 5 of 6 FirstFirst ... 2 3 4 5 6 LastLast
  1. #41

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,971

    In that case, yes, the pending IPOs are the reason.


  2. #42

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    15,557

    Lots of listings coming on board. Time to stock up on 2800?


  3. #43

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,971
    Quote Originally Posted by pin:
    Lots of listings coming on board. Time to stock up on 2800?
    Why 2800?

  4. #44

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,971

    Article says that the banks are also holding, 290B+ in time deposits.

    Banks Scrambling for Hong Kong Deposits Push Rates as High as 3%

    https://www.bloomberg.com/news/artic...s-as-high-as-3


  5. #45

    Join Date
    Jul 2012
    Posts
    1,516

    3%? crap. if that happens, moving my USD back to HKD. lol


  6. #46

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,971

    Don't be in a rush. The headline is misleading.

    Might be good for shareholders as this IPO madness will definitely be good business for banks who have the cash.

    Banks held HK$2.3 trillion ($292 billion) in time deposits as of February, the most in at least two decades, HKMA data show. Because rising demand for loans allows them to pass higher costs on to borrowers, executives don’t expect increasing deposit rates to crimp profits.

  7. #47

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,971
    Original Post Deleted
    3% for speculation... don't think I've seen any bank raise their deposit rates yet.

  8. #48

    Join Date
    May 2006
    Location
    Pampanga, Philippines
    Posts
    29,768

    How is the HK dollar doing now against the USD?


  9. #49

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,971

    7.8498

    hullexile likes this.

  10. #50

    Join Date
    Mar 2010
    Posts
    6,745
    Quote Originally Posted by shri:
    3% for speculation... don't think I've seen any bank raise their deposit rates yet.
    What's the max you have seen ?
    And is there a limit to the amount ?
    I just bought stocks for little under 5% dividend yield, had too much loose cash flying around, amongst other reasons for buying ...

Closed Thread
Page 5 of 6 FirstFirst ... 2 3 4 5 6 LastLast