UPDATE 1-HK Exchange says to raise quotas for mainland investors, inflows pressuring peg

April 10, 2015 4:08 AM

63 0

HONG KONG, April 10 (Reuters) - The Hong Kong stock exchange expects to increase quotas for mainland China investors by more than 30 percent, its chief executive said, a day after heavy capital inflows from the mainland forced the city's central bank to sell Hong Kong dollars to defend its currency peg.

For the first time since August, the Hong Kong Monetary Authority (HKMA) intervened on Thursday to sell HK$3.1 billion ($400 million) in Hong Kong dollars as the local currency hit the strong end of its official trading range.

Also read: Stock market value of Netflix eclipses Disney for first time

Read more

To category page