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 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.
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.
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