Hong Kong Monetary Authority (HKMA)
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Hong Kong Monetary Authority (HKMA)

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
News of the US Federal Reserve’s move to cut its benchmark lending rate by 25 basis points flashes on a television screen as traders work at the New York Stock Exchange. Photo: EPA-EFE
Hong Kong

Editorial | Hong Kong interest rates volatility price to pay as spectre of Trump tariffs looms

Uncertainty over when next US cuts will come in 2025 prompts Hong Kong Monetary Authority chief to send out warning.

Interest rates

Hong Kong banks cut lending rates, but HKMA warns of volatility ahead

Wealth management

Mainland Chinese investors unimpressed with Wealth Management Connect expansion

Banking & finance

Hong Kong banks to study heavy cheque users with eye on phase-out

Work with 10 heavy cheque-using sectors including SMEs, charities and brokers will help identify barriers to electronic payments, HKAB says.

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Arthur Yuen Kwok-hang, deputy CEO of the Hong Kong Monetary Authority (left) and Luanne Lim, chairwoman of the Hong Kong Association of Banks, speak in a media briefing on December 9, 2024 at the HKAB’s office in Gloucester Tower, Central. Photo: Enoch Yiu
Digital currencies

Hong Kong to introduce stablecoin bill to regulate virtual token

The government published the Stablecoins Bill in the gazette on December 6; first reading in the Legislative Council set for December 18.

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Middle East

Hong Kong, Saudi central banks to strengthen roles as financial gateways

Saudi central bank governor Al-Sayari and his delegation were in Hong Kong this week to attend the Financial Stability Board’s Plenary meeting.

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Banking & finance

Hong Kong firms plan hiring sprees as economy perks up in 2025: survey

Most executives expect revenue growth next year, and hiring intentions are at a four-year high, CPA Australia report says.

People cross a road in Central on August 17, 2023. Photo: Jelly Tse
Banking & finance

HKMA offers special policies to help those who bought at property market’s peak

One-off scheme increases loan-to-value ratio of mortgage loans to 80 per cent for those who bought unfinished properties from 2021 to 2023.

Hong Kong property

Hong Kong property deals hit 7-month high, but December slowdown looms

Some 7,689 real estate transactions worth US$8.2 billion were completed last month, according to the Land Registry.

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Scams and swindles

Hongkongers to get ‘Money Safe’ to protect bank funds from fraud

Additional verification procedures will be necessary to transfer locked-up funds when banks roll out the optional tool next year.

A woman walks past a currency-exchange shop in Causeway Bay with a bank vault painted on its gate, on May 5, 2024. Photo: Jelly Tse
Blockchain

Hong Kong offers grants to boost tokenised bond issuance

The city’s de facto central bank is handing out up to HK$2.5 million in subsidies per issuance to qualified tokenised-bond issuers.

The HKMA plans to hand out subsidies to qualified companies to boost tokenised-bond issuances in the city. Photo: AFP
Hong Kong property

Hong Kong home prices rise for the first time since March; rents cool slightly

Secondary home prices increased 0.62 per cent in October.

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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

Fraser said the Wall Street bank will ‘further its participation in the market to help promote US-China economic ties and trade’.

Chinese Vice-Premier He Lifeng met Citigroup CEO Jane Fraser at the Great Hall of the People in Beijing on Thursday. Photo: Xinhua
Banking & finance

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

Former HKMA head Norman Chan says capital circulation is not as seamless as it used to be.

Norman Chan Tak-lam, the former CEO of the Hong Kong Monetary Authority. Photo: Xiaomei Chen
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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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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Chinese Vice-Premier He Lifeng (centre) at the opening of the three-day Global Financial Leaders’ Investment Summit in Hong Kong. Photo: Dickson Lee
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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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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Eddie Yue, CEO of Hong Kong Monetary Authority, led a discussion in the first edition of the Summit in November 2022. Photo: Sam Tsang
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.

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.

Virtus Medical Tower, a 15-storey building in Central, is on sale. Photo: Jonathan Wong
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.

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.

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