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.

Total loans in Hong Kong down 1.7% in August

Total deposits rose by 0.6% during the month, however.
17 hours ago

Total loans in Hong Kong down 1.7% in August

Total deposits rose by 0.6% during the month, however.
17 hours ago

Hong Kong imposes changes to mortgage insurance plan

Previously, mortgage insurance was only for properties under construction with a property value of up to HK$6m.
5 days ago

HKMA retains base rate at 5.75%

The move was in response to the Fed holding its interest rates steady.

BOCHK warns of 9 fraudulent websites, phishing email

It has reported the case to local authorities.

BEA warns against 16 fraudulent websites

It has reported these sites to the local police and the HKMA.

Foreign currency reserves hit US$418.4b in August

It fell from the US$421.6b record in July.

Hong Kong imposes six-month ban on Chan Ka Hey for fabrication

To deceive the insurer and his employing bank, Hey fabricated a new DDA form with a cut-out of the client’s signature, without consent.

Foreign currency reserves hit US$421.6b in July

It rose from the US$417.3b record in June.

HKMA raises its base rate to 5.75%

The new rate took effect on 27 July.

Hong Kong mulls raising deposit protection limit to HK$800,000

The number of depositors fully protected will rise to 92%.

Gov’t issues guidelines to banks on mortgage loan changes

It made adjustments whilst maintaining bank stability and proper risk management.

HKMA, local bank association launch charter to prevent credit card scams

The industry is directed not to send SMS with embedded hyperlinks.

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.