Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. HSBC Holdings plc
  6. News
  7. Summary
    HSBA   GB0005405286

HSBC HOLDINGS PLC

(HSBA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Trump aides weighed proposals to undermine Hong Kong?s dollar peg - Bloomberg

07/07/2020 | 08:22pm EDT
U.S. 100 dollar banknotes and a Hong Kong 10 dollar banknote are seen in this picture illustration in Beijing, China

U.S. President Donald Trump's top advisers weighed proposals to undermine the Hong Kong currency's peg to the U.S. dollar, Bloomberg reported on Tuesday, citing people familiar with the matter, although the idea did not appear to gain traction.

The proposal to strike against the Hong Kong dollar peg, possibly by limiting the ability of Hong Kong banks to buy U.S. dollars, was raised as part of broader discussions among advisers to Secretary of State Mike Pompeo, it added.

Other administration members pushed back against the proposal, worrying that such a move would only hurt Hong Kong banks and the United States, not China, sources told Bloomberg.

The idea wasn't elevated to White House's senior levels, the report said, suggesting that it hasn't gained serious traction yet.

A top priority for the administration has been to find ways to punish banks based in Hong Kong, particularly HSBC Holdings Plc, according to the report.

U.S. Treasury, State Department and the White House did not immediately respond to requests for comment.

Last month, Hong Kong Finance Secretary Paul Chan said that Hong Kong had no plans to change its currency's peg to the U.S. dollar.

(Reporting by Maria Ponnezhath in Bengaluru; Editing by Sam Holmes)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN DOLLAR / HONGKONG-DOLLAR (CAD/HKD) -0.01% 6.2857 Delayed Quote.3.20%
EURO / HONGKONG-DOLLAR (EUR/HKD) 0.06% 9.0219 Delayed Quote.-4.79%
HSBC HOLDINGS PLC 1.92% 434.2 Delayed Quote.14.61%
All news about HSBC HOLDINGS PLC
10/15HSBC : Barclays Keeps HSBC At Overweight, Boosts PT
MT
10/15Financial Firm NewDay Prepares for $3.4 Billion London IPO
MT
10/15KOSPI COMPOSITE INDEX : South Korea to List Bonds Worth Over $1 Billion on Singapore Excha..
MT
10/15FTSE 100 bounces to pre-pandemic levels on gains in energy, bank stocks
RE
10/14NET ZERO : ''Failure to deliver' is still very much on the cards'
AQ
10/14HSBC : Venture Debt Program Will Reserve $100 Million in Lending to Support Startups Found..
BU
10/14India on course for open access in its markets - RBI deputy governor
RE
10/14HSBC HLDGS : UBS keeps its Buy rating
MD
10/14MARLOWE : Ups Finance Facility, Closes Hydro-X Deal
MT
10/14NORTH AMERICAN MORNING BRIEFING : Investors to -3-
DJ
More news
Analyst Recommendations on HSBC HOLDINGS PLC
More recommendations
Financials (USD)
Sales 2021 50 176 M - -
Net income 2021 10 926 M - -
Net Debt 2021 - - -
P/E ratio 2021 11,4x
Yield 2021 3,92%
Capitalization 121 B 121 B -
Capi. / Sales 2021 2,41x
Capi. / Sales 2022 2,33x
Nbr of Employees 222 550
Free-Float 98,2%
Chart HSBC HOLDINGS PLC
Duration : Period :
HSBC Holdings plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HSBC HOLDINGS PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 5,97 $
Average target price 6,69 $
Spread / Average Target 12,1%
EPS Revisions
Managers and Directors
Noel Paul Quinn Group Chief Executive Officer & Executive Director
Ewen James Stevenson Chief Financial Officer & Executive Director
Mark Edward Tucker Non-Executive Group Chairman
Steven C. van Wyk Chief Information Officer
John M. Hinshaw Group Chief Operating Officer
Sector and Competitors