Hong Kong Monetary Authority
The Hong Kong Monetary Authority is the government authority in Hong Kong responsible for maintaining monetary and banking stability. Its main functions and responsibilities are governed by the Exchange Fund Ordinance and the Banking Ordinance and it reports to the Financial Secretary.
See below for the Latest Hong Kong Monetary Authority News, Analysis, Profit Results, Share Price Information, and Commentary.
Hong Kong Mortgage Corp names Colin Pou as new CEO
Pou, who is an executive director at HKMA, will be seconded to HKMC.
Hong Kong Mortgage Corp names Colin Pou as new CEO
Pou, who is an executive director at HKMA, will be seconded to HKMC.
DBS HK fined US$1.28m for anti-money laundering, review lapses
The bank failed to conduct due diligence in ‘high risk situations’ from 2012 and 2019.
Mortgage applications in HK fall 16.1% in May
However, the value of mortgages approved rose by 8.8%, according to official data.
Total deposits in Hong Kong up 1.1% in May
Loans registered a decline, however, according to central bank data.
Hong Kong banks’ composite interest rate falls 4bp to 2.61% in May
This was due to a decrease in weighted funding cost for deposits during the month.
Hong Kong mortgage loans drawdown rises by 9.9%
This was translated to $1.69b in loans.
HKMA reports 2.2% rise in total bank deposits
Total remittance of RMB for cross-border trade settlement saw $176b.
Credit Data Smart ushers in new era of credit scoring in Hong Kong
It’s expected to promote healthy competition and improve credit knowledge of locals.
Hong Kong central bank extends deputy chief exec’s appointment for 2 years
Yuen will continue in his role for two more years beyond retirement age.
BOCHK warns against remittance phishing email
The email reportedly intends to steal customers’ data.
Hong Kong extends green and sustainable finance grant scheme for 3 years
The grant scheme will also expand to cover transition bonds and loans.
Hong Kong banks’ loans and deposits ‘virtually unchanged’ in March
But banks saw a decline in foreign currency and renminbi deposits.
HKMA denies links to firms claiming to assist in financial fraud cases
The central bank said that it has reported the case to the police.
HKMA warns of prolonged high interbank rates
The central bank issued the warning post unchanged US fed funds rate at 5.25-5.5%.
Hong Kong launches new credit reference operating model
Credit Data Smart will guide the collection of credit as future reference to loan providers.
BOCHK warns against phishing website
The fake login page intends to steal customers’ data, BOCHK said.
Hang Seng Bank joins HKMA's Wholesale Central Bank Digital Currency Project
The project will expand the use of tokenised money in Hong Kong.
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