Economic Expansion
What is Economic Expansion? Economic expansion happens when real GDP grows from a trough to a peak within two or more subsequent quarters. The expansion occurs during times of economic stimulation, where there is a rise in employment, followed by consumer confidence and discretionary spending. The phase is also known as economic recovery. Understanding Economic...
Horizon Analysis
What is Horizon Analysis? Horizon analysis is a method used to estimate a portfolio’s expected total return over a given investment horizon. It uses scenario analysis to view a given bond swap as a well-defined mixture of components from idealized swap categories at each point in time. Horizon analysis enables the portfolio manager to associate...
Hong Kong Monetary Authority Investment Portfolio
What is the Hong Kong Monetary Authority Investment Portfolio? The Hong Kong Monetary Authority Investment Portfolio is one of the distinct portfolios in the Exchange Fund run by the Hong Kong Monetary Authority (HKMA). It is Hong Kong’s state-owned investment fund that manages monetary policy and maintains monetary stability. The Exchange Fund finances the activities...
Hong Kong Exchanges and Clearing Limited (HKEx)
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...
Hong Kong Interbank Offered Rate (HIBOR)
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....
