Hong Kong
Hong Kong economy

Why Hong Kong pegs its currency to the US dollar

Since 1983, Hong Kong authorities have pegged the value of the city's currency to that of the US dollar at an exchange rate of roughly 7.8 to 1. We explain the reasoning for the peg.

April 12, 2018
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A host of price hikes in everything from food to electricity rates and looming increases in transport fares in Hong Kong are squeezing the city’s poor. The Post spoke to two underprivileged women...06:10
Hong Kong economy
Hong Kong’s poor scrimp and save as inflation rises
April 28, 2023
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Hong Kong aims to cut costs as its deficit is expected to hit nearly HK$100 billion in the 2024-25 financial year. The Post spoke to analysts on how to fix the city’s snowballing debt.   12:40
Hong Kong economy
Can Hong Kong fix its nearly HK$100 billion deficit?
January 8, 2025
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HotMaxx, a grocery chain from mainland China, debuted in Hong Kong in September 2024. The new chain quickly drew the attention of locals because of its impressively low prices. Can traditional Hong Kong supermarkets hold their ground against this fresh competitor?04:41
Hong Kong economy
Cut-price mainland grocery brand makes inroads in Hong Kong
December 7, 2024
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Hong Kong Chief Executive John Lee Ka-chiu greeted Chinese President Xi Jinping at the airport in the Peruvian capital on November 14, 2024. They will attend this year’s Asia-Pacific Economic...01:03
Hong Kong economy
Hong Kong CE greets President Xi at Lima airport
November 15, 2024
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Hong Kong economy
How walkable is Hong Kong’s new Kai Tak Stadium?
November 9, 2024
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Read the full story: https://sc.mp/qrvrs  ...02:45
Halloween
Halloween revellers out in force at Hong Kong’s Lan Kwai Fong
October 31, 2024
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City leader John Lee delivered his annual policy address on October 16, 2024, rolling out a host of measures to attract foreign talent and investment, while also announcing a surprise easing of...04:09
John Lee policy address 2024
John Lee’s plan to attract talent and money to Hong Kong
October 16, 2024
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Animals
These Hongkongers want cats, not babies
August 17, 2024
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Two years after taking office as Hong Kong's chief executive, John Lee has shifted his focus from enforcing national security to improving the lives of residents and rebuilding the city's economy....26:24
Talking Post with Yonden Lhatoo
John Lee’s uphill battle to secure Hong Kong’s future | Talking Post with Yonden Lhatoo
June 29, 2024
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John Lee
Hong Kong leader calls city’s US trade offices vulnerable ‘jewels’
June 27, 2024
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Hong Kong’s civil service chief said the government will monitor the commitment of its 173,000 workers by observing how they uphold national security as they go about “daily work”. Government...05:35
Hong Kong economy
Hong Kong civil servant national security commitment to be monitored through ‘daily work’
June 24, 2024
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Hong Kong tourism
Hong Kong’s Cheung Chau Bun Festival through the years
May 15, 2024
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It is no secret that Hong Kong is one, if not the most, expensive places in the world to own a home. While property prices are now experiencing a cooling trend, buying a home remains an...13:00
Hong Kong housing
Why is Hong Kong housing so expensive?
January 27, 2024
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Hong Kong economy
Hongkongers bargain-hunt at Shenzhen Sam’s Club
January 9, 2024
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Hong Kong will double down on fixing the economy despite facing serious external uncertainties in the year ahead amid continuing geopolitical tensions and high interest rates, the finance chief has...02:29
Hong Kong economy
‘Serious uncertainties’ ahead for Hong Kong in coming year, finance chief warns
December 8, 2023
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The Global Financial Leaders’ Investment Summit opened to the public on November 7, 2023, with Hong Kong’s de facto central bank hosting the largest gathering of financial heavyweights the city has...06:11
Hong Kong economy
DBS Hong Kong CEO says city has ‘re-energised itself’
November 7, 2023
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Hong Kong economy
Hong Kong leader John Lee vows deeper ties with Asean as gateway to mainland China
October 9, 2023
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Bankers from Goldman Sachs and Morgan Stanley will be among about 300 industry heavyweights from around the world who will join the Hong Kong Monetary Authority (HKMA) next month for a summit on...09:07
Banking & finance
HKMA invites financial heavyweights to its 30th birthday bash
October 5, 2023
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Hong Kong economy
Hong Kong leader John Lee faces Apec meeting ban
July 29, 2023
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Hong Kong economy
Saudi delegation pledges closer innovation ties with Hong Kong
July 3, 2023
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An inflatable rubber duck that floated in Hong Kong’s Victoria Harbour in 2013 will make its comeback to the city with a new friend in mid-June. The two ducks were tested in waters at a dockyard in...01:23
Hong Kong economy
Giant rubber duck is returning to Hong Kong with a new friend
May 25, 2023
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The 2023 “golden week” holiday period which includes May Day did more than just reveal how badly people in mainland China wanted to travel and visit tourist sites. Beijing-based reporter Luna Sun...27:15
China's economic recovery
274 million Chinese take a holiday: why ‘golden week’ 2023 was different
May 5, 2023
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