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 denies links to firms claiming to assist in financial fraud cases
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.
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.
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’s mortgage loans drop 18.2% in July: HKMA
Applications also fell to 8,086.
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.
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Commentary
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