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.

HKMA keeps base rate at 5.75%

It said that the high interest rate environment could persist for some time.
7 hours ago

HKMA keeps base rate at 5.75%

It said that the high interest rate environment could persist for some time.
7 hours ago

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

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.

HKMA and PBoC extend e-CNY pilot to Hong Kong residents

E-CNY wallet users can top up their wallets through 17 partner banks.

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.

AlipayHK warns of phishing messages

There are individuals sending out messages claiming to be from AlipayHK.

HKMA reprimands TNG Asia for inadequate compliance systems

The HKMA has reprimanded and ordered TNG to pay a pecuniary penalty of HK$1.6m for contravening section 8Q of the PSSVFO.

Hong Kong, Thailand launch cross-border QR payment service

HSBC and Bangkok Bank serve as settlement banks.

Foreign currency reserves hit US$416b in September

It increased from the US$415.7b record in September.

Total loans in Hong Kong down 1.7% in August

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