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Remarks of Officials
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Central Bank
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
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Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
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Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
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[McDonald's E. Coli Contamination Incident In The United States Has Caused More Than 100 People To Become Ill] A Report Released By The US Centers For Disease Control And Prevention On The 13th Local Time Showed That A Hamburger Sold In Some McDonald's Stores In The United States Was Contaminated With E. Coli. So Far, A Total Of 104 People In 14 States Have Been Infected, At Least 34 Have Been Hospitalized, And 1 Has Died. According To US Media Reports, Two American Consumers Filed A Class Action Lawsuit Against McDonald's On October 29, Demanding Compensation For All American Citizens Who Bought The Contaminated Hamburgers. The Amount Of Compensation Has Not Been Determined, But The Total Amount Is Expected To Exceed 5 Million US Dollars. At The Same Time, McDonald's Is Also Facing Other Lawsuits Related To This Contamination Incident. (CCTV News)
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