China's Haitong to Ramp Up Asia Deals as Competition Stiffens
Ina Zhou, Bloomberg News Hong Kong one-hundred dollar banknotes and a U.S. one-hundred dollar banknote are arranged for a photograph in Hong Kong, China, on Monday, April 15, 2019. The Hong Kong dollar's one-month historical volatility climbed to the highest since early February as traders were whiplashed by the currency's price swings amid declining liquidity. With the city's de facto central bank having spent $2.8 billion in March to defend the peg to the U.S. dollar, Hong Kongâs aggregate balance has dropped and interbank rates have soared. Photographer: Pa...