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The latest round of Hong Kong's inflation-linked government debt targeted at senior savers, known as Silver Bonds, has been oversubscribed 2.8 times, attracting a record HK$67.97 billion (US$8.77 ...
Hong Kong's government has launched a special bond with the most generous payout in years for senior citizens, as it extends a financial lifeline to one of the world's fastest greying population ...
The government plans to double the maximum offer of the so-called Silver Bond to HK$30 billion (US$3.9 billion), compared with the maximum HK$15 billion issued in its prior offering in December ...
The Exchange Fund of Hong Kong is the primary investment arm and de facto sovereign wealth fund of the Hong Kong Monetary Authority.First established in 1935 in order to provide backing to the issuance of Hong Kong dollar banknotes, over the years the role of the Fund has continually expanded to now include management of fiscal reserves, foreign currency reserves, real estate investments, and ...
The Hong Kong Monetary Authority (HKMA) is the central banking institution of Hong Kong. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged. The organisation reports directly to the Financial Secretary. [2]
The rate for each interest payment will be determined by the year-on-year inflation rate of Hong Kong, which according to the Hong Kong Composite Consumer Price Index, with the lower limit of 1% return. The first iBonds were listed on Hong Kong Stock Exchange to listing on 29 July 2011. The offered issue amount is HK$10,000,000,000.
The government will lower the minimum age of eligibility to 60 from 65 for the sale of HK$24 billion (US$3.09 billion) of so-called Silver Bonds, according to the Hong Kong Monetary Authority.
[18] [19] Interest rates are determined by the individual banks in Hong Kong to ensure that they are market driven. [20] There is no officially recognised central banking system, although the Hong Kong Monetary Authority functions as a financial regulatory authority.