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Hong Kong Monetary Authority (HKMA)

Raindrops on the camera lens refract a night view of Hong Kong’s Sham Shui Po district on November 19, 2024. Photo: Eugene Lee
Hong Kong property

Hong Kong rental yields hit 12.5-year high on talent influx

Analysts expect momentum to improve further in 2025 as more professionals enter the city and people keep putting off home purchases.

Banking & finance

Citigroup CEO meets Chinese officials as Beijing touts financial market reforms

Banking & finance

Hong Kong urged to boost capital flow with mainland for global market access

Banking & finance

‘Money in motion’ as top financiers discuss diversification at Hong Kong summit

The Global Financial Leaders’ Investment Summit will be back for a fourth year next November, HKMA CEO Eddie Yue says.

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Financial Secretary Paul Chan delivers his keynote speech at the Global Financial Leaders’ Investment Summit on Wednesday. Photo: Handout from ISD
Alibaba

Alibaba’s Connect link shows Hong Kong’s strength, access to mainland funds

Mainland investors have amassed 4 per cent of Alibaba’s public float and contributed 15 per cent to its trading volume through the Stock Connect scheme.

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Hong Kong economy

Chinese Vice-Premier He Lifeng urges Hong Kong to be ‘self-assertive’ in reforms

State leader says city should deepen financial reforms, expand cooperation and opening up and dovetail with national developments.

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Banking & finance

Top bankers stress resilience and wisdom key to navigating uncertainty

Speakers at the Global Financial Leaders’ Investment Summit say collaboration and strategic thinking hold the key to tackling a divided world.

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Participants at the Global Financial Leaders’ Summit engage in discussions with their counterparts. Photo: Mia Castagnone
Banking & finance

Regulators chime in to support Hong Kong’s role as markets connector

Chinese officials, speaking in Hong Kong, say they support the city as the bridge between the mainland and the rest of the world.

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Banking & finance

Hong Kong summit kicks off with biggest Beijing team as stimulus, Trump in focus

‘Sailing Through Changes’ is the theme of this year’s investment summit, with China stimulus and Trumponomics likely to be hotly debated.

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HKEX

Top bankers gather in Hong Kong for summit as regulators promise more reforms

Chinese Vice-Premier He Lifeng, who is bringing a huge delegation, will deliver a keynote speech.

CSRC Vice-Chairman Li Ming appears at the HKEX Connect Summit in Hong Kong on November 18, 2024. Photo: Jonathan Wong
Bonds

HSBC’s 4.5 billion yuan panda bond to boost globalisation of Chinese currency

The bond, which pays an annual coupon of 2.15 per cent, also reinforces Hong Kong’s role as the world’s offshore yuan centre, bank says.

Yuan deposits in Hong Kong exceeded 1 trillion yuan for six months in a row up to September, according to HKMA. Photo: EPA-EFE
Banking & finance

Exclusive | China’s vice-premier to lead delegation of bankers for HKMA’s finance summit

China’s Vice-Premier He Lifeng will lead delegation to the 2024 Global Financial Leaders Investment Summit in Hong Kong, two sources said.

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Hong Kong property

Hong Kong landlords head for the exit when the going is good

Owners seize upon market optimism amid rate cuts and easing restrictions before a supply glut and uncertain economy derail sentiment.

Banking & finance

Investors look past debt clean-up plan as minister pledges more proactive policy

A number of market participants say there is reason to believe that more economic relief is on the way.

A man passed a a screen showing Chinese stock market movements in Beijing. Photo: Agence France-Presse
Hong Kong economy

Another 17 firms to set up offices in Hong Kong under push to develop I&T sector

Financial Secretary Paul Chan also says city will need to be fully prepared for effects on global economy brought about by US presidential election.

Paul Chan says 90 per cent of the new companies plan to establish international or regional headquarters in the city. Photo: May Tse
Hong Kong property

Hong Kong home prices to bottom out in short term after rate cut: analysts

Unexpected prime-rate cut by local lenders seen bringing more buyers into market, shoring up prices.

Banking & finance

Hong Kong’s base interest rate drops to 5% in second cut

Together with the half-percentage-point cut in September, Hong Kong’s key rate has now fallen back to February 2023’s level.

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Banking & finance

Editorial | Hong Kong’s Exchange Fund has done well but it’s still too early to celebrate

Global markets face a lot of uncertainties, so prudence and a diversified investment strategy remain key for Hong Kong’s ‘war chest’.

Hong Kong’s Exchange Fund is the war chest used to defend the local currency. Photo: K. Y. Cheng
Hong Kong

HKMA CEO: rising bad debts offset by stock rally and Middle East opportunities

‘The recent stock market rally may have the wealth effect that people who gain from the stock market will go shopping and dining,’ Eddie Yue says.

Banking & finance

Hong Kong’s financial war chest posts record gain of US$28.8 billion

Lawmakers asked whether the fund could give more to address the government’s deficit, but HKMA’s CEO urged sticking with an existing formula.

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SFC

FII 2024: Hong Kong, Saudi Arabia to anchor US$1 billion investment fund

In addition, Hong Kong and Saudi market regulators announce a partnership to spur cross-border listings and training.

The deputy CEO of the Hong Kong Monetary Authority Darryl Chan (front left) and the head of the local real estate investments division of Saudi Arabia’s Public Investment Fund Aiman Almudaifer (front right), sign an agreement for a new investment fund in the presence of the Paul Chan, Hong Kong’s financial secretary (back left), and the governor of the PIF, H.E. Yasir Alrumayyan (back right). Photo: Handout
Banking & finance

Global outage gives banks pause about reliance on tech vendors

Such grand-scale outages have served as a wake-up call to the financial services industry, panellists tell conference.

Eddie Yue Wai-man, CEO of the Hong Kong Monetary Authority, on Thursday. Photo: Jonathan Wong
Hong Kong property

Hong Kong’s negative-equity cases soar to 21-year high amid slump

The jump in cases is ‘no cause for concern’ as the repayment ability of Hong Kong owners remains stable, a local mortgage broker says.

Digital currencies

Circle CEO envisions stablecoins playing greater role in trade settlements

Jeremy Allaire envisions a ‘global network of stablecoins’ enabling ‘better, faster, cheaper’ transactions for emerging markets trading through Hong Kong.

Hong Kong property

Hong Kong home prices fall to their lowest since 2016, but rents rise

Secondary home prices fell 1.7 per cent in September, while rents rose 0.1 per cent month on month.

Homes listed for sale are displayed outside a property agency in Hong Kong. Photo: Eugene Lee
Hong Kong property

Hong Kong’s office market to trail recovery in residential, retail properties

Reports of brisk weekend home sales show the housing market will outpace offices in recovery going into 2025, consultancies say.

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Hong Kong’s office skyline in Central in February 2024. Photo: Sun Yeung
Ant Group

Ant CEO Eric Jing touts tokenisation benefits for cross-border transactions

Tokenisation is a major focus of FinTech Week this year, in addition to AI, as Web3 in Hong Kong looks beyond ‘speculative’ cryptocurrencies.

IPO

First overseas company listing in Hong Kong via SPAC marks historic milestone

Synagistics starts trading under the 2562 stock code on Wednesday after combining its business with Hong Kong Acquisition Corporation.

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Hong Kong Monetary Authority (HKMA)
Hong Kong Monetary Authority (HKMA)
The Hong Kong Monetary Authority (HKMA) was established in April 1993 by merging the Office of the Exchange Fund with the Office of the Commissioner of Banking. The HKMA is responsible for maintaining monetary and banking stability, including maintaining currency stability within the framework of the Linked Exchange Rate system under which the Hong Kong dollar is pegged to the US dollar.<br />
last updated:
27 August, 2024
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