Hong Kong currency

David Mann, chief currency strategist at Standard Chartered Bank in Hong Kong, says the100-yen level for the dollar is dangerous because it is a psychological mark for investors.

香港渣打银行的首席货币分析师大卫.曼恩说，在100日圆比价这个水平对美元来说是危险的，因为那是投资人心理指标。

Why, then, given huge global investor demand for exposure to China and the almost universal belief the renminbi is substantially undervalued, is the currency trading at virtually the same rate against the dollar in Hong Kong as it is on the mainland?

那么，鉴于全球投资者对人民币需求庞大，加上人们几乎普遍认为人民币被严重低估了，为何现在香港的人民币兑美元汇率与内地的汇率几乎没有什么差别呢？

Hong Kong's Linked Exchange Rate system is a Currency Board system.

本港的联系汇率制度是一种货币发行局制度。

People's Bank of China and the Hong Kong Monetary Authority yesterday signed currency swap agreements.

中国人民银行昨日与香港金融管理局签署货币互换协议.

The Hong Kong Monetary Authority was forced to step into the currency markets again yesterday as the Hong Kong dollar hit the limit of its trading band against its US counterpart.

香港金融管理局（HKMA）昨日被迫再度干预汇市，原因是港元兑美元汇率触及交易区间的上限。

The issue of Hong Kong currency must be backed by a 100 per cent reserve fund.

港币的发行须有百分之百的准备金.

The much anticipated but long delayed approval marks the second significant cross-border currency reform since Hong Kong banks were first allowed to take Renminbi deposits in 2003.

这一期盼已久但姗姗来迟的决定，标志着自2003年香港各银行开始获准接收人民币存款以来的第二次重大跨境货币改革。

The peg also makes Hong Kong attractive to investors during a period of currency instability.

联系汇率制度还使香港在汇市不稳定时期对投资者有着很大的吸引力.

All prices are in local currency Hong Kong Dollar ( HKD ).

所有价格会以本地货币港元计算.

As Kelvin Lau, economist with Standard Chartered Bank in Hong Kong, said: "anything that creates more usage of the renminbi is a good thing for the currency."

正如渣打银行（standard chartered）驻香港经济学家刘健恒（kelvin lau）所言：“任何给人民币带来更多用途的产品都对人民币有利。”

Thailand, Japan and Hong Kong became the most popular destinations for tourists from the Chinese mainland during the summer's peak tourism season because of the host destinations' new visa policies and favorable currency exchange rates.

在夏季旅游旺季，由于当地新签证政策以及有利的货币汇率，泰国，日本和香港成为最受大陆游客欢迎的旅游地。