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Trading news
22 Jan 2020
Hong Kong: Growth momentum to pick up in 2020 as trade rebounds - ANZ
Australia and New Zealand Banking Group (ANZ) analysts provide their outlook on Hong Kong’s economy for this year.
Key Quotes:
“Hong Kong will continue to be a dollar funding centre for mainland Chinese companies.
HKD peg will be maintained on strong capital inflows and LIBOR-HIBOR spread reversal.
Growth momentum will pick up as trade rebounds.
Retail sales and inbound tourism will improve in 2020.
No US Fed rate hikes; this will support home values.”