Peter Pang

Type: Person
Name: Peter Pang
Title: Deputy Chief Executive - Hong Kong Monetary Authority (Hong Kong)
First reported Aug 03 2014 - Updated Aug 03 2014 - 1 reports

Hong Kong regulator reins in rising currency amid hot money influx

The Hong Kong Monetary Authority has been injecting local currency into the foreign exchange market since the beginning of July to rein in appreciation, as the Hong Kong dollar has been pushed up by rising demand.The authority injected HK$5.5 billion ... [Published Want China Times - Aug 03 2014]
First reported Aug 03 2014 - Updated Aug 03 2014 - 1 reports

Hong Kong retailers hit hard by slower sales, high rents

HONG KONG: Retail stores in Hong Kong’s commercial districts have been having a difficult time as rents stayed high but sales slowed due to the changing spending patterns of mainland tourists.An average of 80,000-100,000 mainland tourists have flooded ... [Published The Gulf Today - Aug 03 2014]
First reported Aug 02 2014 - Updated Aug 02 2014 - 1 reports

Hong Kong buys $2.07b in week to defend currency peg

HONG KONG: Hong Kong’s de facto central bank bought $2.07 billion this week to stop the local currency from strengthening beyond its 31-year-old peg to the greenback.Share listings, dividends and mergers and acquisitions are driving demand, the Hong Kong ... [Published The Gulf Today - Aug 02 2014]
First reported Aug 01 2014 - Updated Aug 02 2014 - 3 reports

HKMA buys greenback to maintain HK dollar peg

Hong Kong’s de facto central bank bought US$2.07 billion this week to stop the local currency from strengthening beyond its 31-year-old peg to the greenback.Share listings, dividends, and mergers and acquisitions are driving demand, the Hong Kong Monetary ... [Published Taipei Times Online - Aug 01 2014]
First reported Aug 01 2014 - Updated Aug 01 2014 - 1 reports

New Cross-Border Payment System Hits Thailand And Hong Kong

The Hong Kong Monetary Authority (HKMA) and Bank of Thailand (BOT) jointly announced this week that they launched a new cross-border payment-versus-payment (PvP) link between Hong Kong’s US Dollar real time gross settlement (RTGS) system and Thailand’s ... [Published PYMNTS.com - Aug 01 2014]
First reported Jul 30 2014 - Updated Jul 30 2014 - 1 reports

Hong Kong and Thailand introduce a new cross-border PvP link

The Hong Kong Monetary Authority (HKMA) and Bank of Thailand (BOT) have jointly launched a new cross-border payment-versus-payment (PvP) link between Hong Kong's US dollar real time gross settlement (RTGS) system and Thailand's Thai Baht RTGS system ... [Published MIS Asia - Jul 30 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 3 reports

Cross-border payment link established with HK

The Hong Kong Monetary Authority (HKMA) and the jointly announced yesterday the official launch of a new cross-border payment-versus-payment link between Hong Kong's US-dollar real-time gross settlement system and Thailand's baht-denominated RTGS system. ... [Published The Nation - Thailand - Jul 28 2014]
First reported Jul 27 2014 - Updated Jul 28 2014 - 5 reports

HKMA: Capital inflow may not relate to SH-HK Connect

Peter Pang, Deputy Chief Executive of the HKMA, said in an article that with the Fed’s tapering of asset purchases and a general market expectation for policy rate rise by the Fed next year, compounded by the implementation of the Shanghai-Hong Kong Stock ... [Published Aastocks.com - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

USD/HKD at $7.75 as HKMA Buys $690 Million

Hong Kong’s de facto central bank bought $690 million on July 25 to defend the city’s 31-year-old peg to the U.S. dollar as it expects demand for the local currency to continue. “Having regard to the on-going listings, mergers and acquisitions, and ... [Published OANDA Forex Blog - Jul 28 2014]
First reported Jul 27 2014 - Updated Jul 27 2014 - 1 reports

Peter Pang on Further Net Inflow of Funds

After a net inflow of around US$100 billion into the Hong Kong dollar between August 2008 and December 2012, the exchange rate of the Hong Kong dollar against US dollar has again strengthened to 7.75, triggering the strong-side Convertibility Undertaking ... [Published Hong Kong Monetary Authority - Jul 27 2014]
First reported Apr 22 2014 - Updated Apr 22 2014 - 1 reports

Dickinson Wright Attorney Peter Pang to Speak at the 2014 Michigan Minority Procurement Conference

Dickinson Wright PLLC is pleased to announce that Attorney Peter Pang will speak at the 2014 Michigan Minority Procurement Conference on May 7, 2014 at Cobo Hall in Detroit. Dickinson Wright PLLC is pleased to announce that Attorney Peter Pang will speak ... [Published PRWeb - Apr 22 2014]

Quotes

"But funds do not flow in one direction only," Peter Pang, HKMA's deputy chief executive, said Saturday. "last year's market turmoil caused by a large-scale outflow of funds from certain emerging markets showed that the direction of fund flows could change spontaneously in response to investors' sentiments."
"this new pvp link provides a safer and more efficient arrangement for settling foreign-exchange transactions" HKMA deputy chairman Peter Pang said
"this new pvp link provides a safer and more efficient arrangement for settling foreign exchange transactions. it is our usd rtgs system's third cross-border pvp link in the asian region. it has been built based on the proven model of the existing pvp links with malaysia and indonesia. the implementation of this link sets another excellent example of central bank cooperation to provide solutions to enhance regional financial stability and meet market needs" said Peter Pang, deputy chief executive of the HKMA

More Content

All (22) | News (21) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
Hong Kong regulator reins in rising currency am... [Published Want China Times - Aug 03 2014]
Hong Kong retailers hit hard by slower sales, h... [Published The Gulf Today - Aug 03 2014]
Hong Kong buys $2.07b in week to defend currenc... [Published The Gulf Today - Aug 02 2014]
HKMA buys greenback to maintain HK dollar peg [Published Taipei Times Online - Aug 01 2014]
New Cross-Border Payment System Hits Thailand A... [Published PYMNTS.com - Aug 01 2014]
Hong Kong Ramps Up Intervention to Curb Local C... [Published 4 Traders - Aug 01 2014]
Hong Kong Buys $2.07 Billion in Four Days to De... [Published Bloomberg - Aug 01 2014]
Hong Kong and Thailand introduce a new cross-bo... [Published MIS Asia - Jul 30 2014]
Cross-border payment link established with HK [Published The Nation - Thailand - Jul 28 2014]
Hong Kong/Thailand launch new cross-border PvP ... [Published FTSE Global Markets - Jul 28 2014]
HK-Thai payment link launched [Published ISD.gov.hk - Jul 28 2014]
Cross-border payment link established with Hong... [Published The Nation - Thailand - Jul 28 2014]
Hong Kong and Thailand launch a new cross-borde... [Published Hong Kong Monetary Authority - Jul 28 2014]
HKMA: Capital inflow may not relate to SH-HK Co... [Published Aastocks.com - Jul 28 2014]
USD/HKD at $7.75 as HKMA Buys $690 Million [Published OANDA Forex Blog - Jul 28 2014]
Central bank: HK needs to stay alert to capital... [Published thestar.com.my - Jul 28 2014]
Hong Kong Dollar Seen Staying Strong as HKMA Bu... [Published Bloomberg - Jul 27 2014]
Hong Kong must stay alert to capital outflows d... [Published Malay Mail - Jul 27 2014]
Hong Kong must stay alert to capital outflows d... [Published Yahoo Philippines News - Jul 27 2014]
Peter Pang on Further Net Inflow of Funds [Published Hong Kong Monetary Authority - Jul 27 2014]
Dickinson Wright Attorney Peter Pang to Speak a... [Published PRWeb - Apr 22 2014]
Dickinson Wright Attorney Peter Pang to Speak a... [Published PRWeb - Feb 06 2014]
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USD/HKD at $7.75 as HKMA Buys $690 Million [Published OANDA Forex Blog - Jul 28 2014]
Hong Kong’s de facto central bank bought $690 million on July 25 to defend the city’s 31-year-old peg to the U.S. dollar as it expects demand for the local currency to continue. “Having regard to the on-going listings, mergers and acquisitions, and ...
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