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.

8 in 10 SMEs say getting credit approval 'easier' in Q1: HKMA

Some, however, perceived the process to be "more difficult."

8 in 10 SMEs say getting credit approval 'easier' in Q1: HKMA

Some, however, perceived the process to be "more difficult."

Hong Kong Monetary Authority raises base rate to 5.5%

The growth came from a 25-point upward adjustment or a 3.28% average HIBORs.

Hong Kong banks reminded they may engage with virtual asset entities: central bank

There have been more comments from foreign firms on the difficulties of opening a bank account.

Hong Kong’s residential mortgage loans in red decreases to HK$34.4b

The total cases is at 6,376 by end-March, lower than the over 12,000 cases in 2022.

Foreign currency reserves hit US$430.7b in March

It rose from the US$429.1b record in February.

HK deposits dip 1.6% to $15.39t in February

Renminbi deposits decreased by 2.8% to RMB813.5b.

Mortgage loans up by 29.1% to $34.2b MoM

But loans for refinancing dipped by 8.8%.

HKMA raises its base rate to 5.25%

The new rate took effect on 23 March.

Hong Kong government issues first tokenised green bond

HKMA issued HKD tokens, which were exchanged for fiat money provided by banks.

HK banking system 'resilient’ amidst the Credit Suisse fallout

HKMA and SFC are closely monitoring the situation.

UBS’ takeover of Credit Suisse ‘insignificant’ to HK’s banking sector: HKMA

The total assets of Credit Suisse’s HK branch represent less than 0.5% of the local banking sector's.

Foreign currency reserves hit US$429.1b in February

It contracted from the US$436.5b record in January.

Composite interest rate rises to 2.17% in January

It is because of increased weighted funding costs for deposits.

HKMA raises its base rate to 5.00%

The new rate took effect on 2 February.

Mortgage loans in Hong Kong drops by nearly 10% in December

Loans stood at HK$25.6b during the month, the Monetary Authority reported.

Total loans, advances down 1.2% in October: central bank

Loans for use in the market were down by 1%.

Foreign currency assets down by $25.5b in October: HKMA

The decrease was attributed to the sale of US$ under currency board arrangements.