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, Macau establish direct link for bond clearing and settlement

Investors in Macao and Hong Kong will benefit from the arrangement.

HKMA advises banks on flexibility with SME collateral

HKMA urged banks to be flexible, even if collateral values have declined.

HKMA suspends banker for signature forgery on deposit form

He photocopied a customer's signature on a time deposit application form.

IDA bags $46.8m funding to launch first fiat-referenced stablecoin

The firm anticipates mainnet launch before year-end.

Hong Kong fines WeChat Pay HK for legal breaches

WeChat Pay Hong Kong self-reported the case.

PBOC and HKMA sign MOU on cross-boundary linkage of payment systems

They also exchanged views on financial co-operation between the Mainland and Hong Kong.     

Foreign currency reserves hit US$419.3b in July

It rose from the US$416.3b record in June.

HKMA preparing law amendments for proposed two-tier bankings system

The central bank has published results of its consultation and new parameters added.

HKMA rules out new virtual banking licenses

Competition is keen in the market and enquiries have declined.

HK virtual banks' record 2.2 million depositors by end-2023

Hong Kong's eight licensed virtual banks experienced modest growth over the past three years.

Virtual banks in Hong Kong thrive with 2.2 million depositors in 2023

Hong Kong's eight licensed virtual banks experienced modest growth over the past three years.

Less Hong Kong SMEs find credit approval more difficult in Q2

But more SMEs now find securing debt “easier” as well.

Hong Kong banks expand fraud alert system to retail transactions

Customers will receive alerts for “high fraud risk” fund transfers, amongst others.

Eddie Yue reappointed chief exec of Hong Kong central bank

His annual fixed pay is $7.4m for the five-year term.