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’s total loans down 2.8% in 2024
Hong Kong’s total loans down 2.8% in 2024
Loans for use outside Hong Kong dropped by 1.3% in December.
5 days ago
Home loans in negative equity dropped to HK$195.1b in December
The number of cases fell, but the three-month delinquency ratio rose.
5 days ago
Employment, not prices, to weigh on Hong Kong banks’ loans
Banks will face ‘minor but manageable’ pressure on such portfolios.
DBS welcomes deepening financial market ties between Hong Kong & China
It will broaden overseas investment channels for mainland institutional investors, a DBS managing director said.
Hong Kong launches incubator for banks’ adoption of DLT
Tokenised deposits will be a core focus upon the incubator’s inception.
Nanyang Commercial Bank warns against fraudulent websites
It has reported the case to authorities.
Hong Kong central bank warns against unauthorized finance firm
The firm reportedly does not have authorization to take deposits.
HKMA adds new spatial dataset via Open API
It includes details on five types of self-service banking machines of 20 retail banks.
HKMA fines CITIC HK$4m over anti-money laundering breaches
The bank failed to generate alerts for suspicious transactions between November 2015 and July 2018.
HKMA holds public consultation on proposed banking ordinance enhancements
It aims to align local regulations with international standards.
HKMA eases mortgage loan limits, sparks concerns over property valuation risks
JLL said buyers face higher risks as the housing market is still in a downturn.
HKUST launches new GenAI platform for financial services
The platform aims to help local financial institutions leverage AI technologies.
HKMA launches digital bond grant scheme to boost digital securities market
Issuers of eligible digital bonds may receive a maximum grant of $2.5m.
Hong Kong central bank welcomes complete migration to Credit Data Smart
Banks and lenders now operate under a multiple credit reference agencies model.
HKMA announces $1.5b tender for floating notes
Minimum tender amounts start at $50,000.
HKMA reduces base rate to 5% in response to US Fed rate cut
The US Fed imposed a 25bps cut to its federal funds rate.
Foreign currency reserves hit US$21.4b in October
It decreased from US$422.8b in September.
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