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Hong Kong Monetary Authority (HKMA)

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

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.

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

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

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

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 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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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.

View of Hong Kong from the Hong Kong Monetary Authority (HKMA) headquarters at IFC in Central district on October 9, 2024. Photo: May Tse

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’.

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.

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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Hong Kong Monetary Authority CEO Eddie Yue Wai-man, pictured at a media briefing on November 4, 2024. Photo: Enoch Yiu

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

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.

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.

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.

Circle CEO Jeremy Allaire discusses the potential of stablecoins on the first day of Hong Kong FinTech Week 2024 on Monday. Photo: Hong Kong FinTech Week

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’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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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.

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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.

In Hong Kong, a SPAC needs to raise at least HK$1 billion. Photo: Winson Wong

Hong Kong unveils rules for ‘responsible’ AI use at FinTech Week

Any institution that wants to use AI ‘must formulate a governance strategy to provide direction on how [the] systems should be implemented,’ the government says.

Hong Kong property: Chinachem’s Cheung Sha Wan project sells out

The developer found buyers for all 198 units in the project, agents said.

Hey big spender! Hong Kong transacts 3 luxury homes in a week

Two big deals recorded in Mid-Levels, another one on the books in Happy Valley.

Grenville House in Mid-Levels. Photo: Winson Wong

Hong Kong developers to feel earnings pain amid high vacancy rates: Moody’s

Moody’s says office and retail property segments are likely to remain under pressure.

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Hong Kong’s office and retail property segments are likely to remain under pressure, according to Moody’s. Photo: Jelly Tse

Multi-country digital currency platform is worth the effort: central bankers

‘We must reduce new cross-border payment frictions while removing existing ones,’ says PBOC deputy governor.

Hong Kong property developers lift prices as sentiment improves

Chinachem Group, the developer of Echo House, has raised the price of the second batch of 50 flats by about 4 per cent amid a surge in interest.

Exclusive | Risks of AI, geopolitics, climate on bankers’ minds at HKMA summit

‘We want to discuss how to navigate these changes and build resilience within the institutions to withstand any shocks,’ HKMA’s Eddie Yue says.

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‘We want to allow the financial institutions to discuss how to create and seize opportunities arising from these changes,’ HKMA CEO Eddie Yue says. Photo: Jonathan Wong

HKMA: banks must meet Hong Kong’s 2030-2050 targets on carbon emissions

The authority also says banks must ensure their lendings to companies and projects are net zero by 2050.

Eddie Yue Wai-man, CEO of the HKMA. Photo: May Tse

Exclusive | Hong Kong to turn bankers’ summit into calendar ‘anchor’ on popular demand

The summit is pivoting from the publicity objective of its 2022 inaugural edition to making Hong Kong the venue to discuss issues that affect global banking.

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Hong Kong has more tools to revive, enhance property market: analysts

Robust home sales from first post-stimulus weekend suggest recent tweaks are beginning to inject confidence in the market.

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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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