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HKMA Eddie Yue: Blockbuster IPOs, Div. Season to Keep Driving HKD Demand
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Anticipated blockbuster IPOs in Hong Kong, combined with the upcoming dividend season in the next two to three months, are foreseen to further heighten demand for the HKD, HKMA President Eddie Yue remarked. Speaking at the Finance Committee meeting of the Legislative Council, Yue noted that continuous inflows from the Southbound Trading, growing demand for stock investments, and Asian currency unwinding strengthened the HKD recently. The HKD recently hit the strong-side convertibility undertaking three times, resulting in a total inflow of HKD116.6 billion, boosting the Hong Kong banking system’s aggregate balance to HKD161.4 billion. AAStocks Financial News |
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