What is the Hong Kong Exchanges and Clearing Limited? The Hong Kong Exchanges and Clearing Limited (HKEx) was established in 2000, and it operates as a futures market and stock market in Hong Kong. After the merger of the Hong Kong Securities Clearing Company Limited (HKSCC), the Stock Exchange of Hong Kong (SEHK), and the…
What is the Hong Kong Interbank Offered Rate (HIBOR)? The Hong Kong Interbank Offered Rate (HIBOR) is the benchmark interest rate that lenders and borrowers use for interbank lending in the Hong Kong market. The reference rate is used on Hong Kong dollar-denominated financial instruments for specified durations ranging from overnight borrowing to one year….
What is a Hook Reversal? A hook reversal refers to a candlestick pattern that lasts for a short time and predicts a reversal in a market trend. The hook reversal is a specific form of the inside day that shows trend evidence during an uptrend or downtrend. In both trends, the pattern occurs when the…
What is an Honorarium? An honorarium is a monetary payment for services rendered voluntarily. It is typically processed before an event’s start or close to it. An honorarium payment is considered income; hence, it is subject to income tax. An honorarium may be applicable in many situations, including as a token of payment to a…
What is the Hope Now Alliance? The Hope Now Alliance is a united front formed in 2007 in response to the U.S. subprime financial crisis to remedy the surge in foreclosures. It was brokered as an alliance of U.S. government officials, mortgage lenders, counselors, investors in mortgage-backed securities, and other market participants. The alliance is…
What is the Hong Kong Stock Exchange? The Hong Kong Stock Exchange (HKG) is a wholly-owned subsidiary of the Hong Kong Exchange and Clearing Limited (HKEx) and the leading regulator of issuers in Hong Kong and Mainland China. It is ranked as the third-largest stock market in Asia in terms of the aggregate market capitalization…
What is Hong Kong SAR, China? Hong Kong SAR is one of the metropolitan areas in the People’s Republic of China (PRC). As a premier business and financial center, Hong Kong is able to retain its monetary independence, as well as the currency-board type arrangement for its interchange rate. It is because Hong Kong maintains…
What is the Hong Kong Monetary Authority (HKMA)? The Hong Kong Monetary Authority (HKMA) is a government entity that was founded on April 1, 1993 as the de facto central bank and Hong Kong’s currency board. HKMA was established following the merger of the Office of the Commissioner of Banking and the Office of the…
What is Horizontal Equity? Horizontal equity is an economic theory that is used to assess the fairness of tax burden across a population. The theoretical underpinning of horizontal equity is that the amount of taxes paid should be equal for people in similar circumstances, regardless of the tax system in place. A tax system is…
What are Small Caps? Small caps refer to companies with a market capitalization generally ranging from $300 million to $2 billion. The market capitalization denotes the fair market value of the outstanding shares of any company that trades on a stock exchange. However, a company’s market capitalization will constantly change due to the fluctuations in…
