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YOHO Mall is a shopping centre in Yuen Long, New Territories, Hong Kong, near Light Rail Yuen Long stop and MTR Yuen Long station. It is part of Sun Hung Kai Properties's "Yoho" housing development. [1]
Black Saturday, 24 September 1983, is the name given to the crisis when the Hong Kong dollar exchange rate versus the United States dollar was at an all-time low. On that day, US$1 exchanged for HK$9.6. [1] For a period, Hong Kong stores began quoting products in US dollar prices, because of the uncertain fluctuation in domestic currency.
The same mechanism also works when the market rate is above 7.80, and the banks will convert Hong Kong dollars for US dollars. The Hong Kong dollar is backed by one of the world's largest foreign exchange reserves, which is over 7 times the amount of money supplied in circulation or about 48% of Hong Kong dollars M3 at the end of April 2016. [3]
Hong Kong has become a center for money laundering and sanctions evasion under the tightening grip of Beijing, US lawmakers have warned, calling for a re-evaluation of America’s close business ...
Transactions in four currency denominations may be settled using CHATS: Hong Kong dollar, renminbi, euro, and US dollar. [1] In 2005, the value of Hong Kong dollar CHATS transactions averaged HK$467 billion per day, which amounted to a third of Hong Kong's annual Gross Domestic Product (GDP); the total value of transactions that year was 84 ...
The economy of Hong Kong is a highly developed free-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. [15] [16] Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, [17] and is pegged to the US dollar.
Donald Trump’s campaign is suing Paramount’s national broadcast network CBS for up to $10 billion in damages alleging it deliberately doctored an interview of his opponent to harm his ...
Imagine being in a position to turn down $10 billion. Miami Dolphins owner Stephen Ross reportedly did just that. An unnamed buyer offered Ross $10 billion for controlling interest in the Dolphins ...