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.
New mortgage applications drop 15.7% MoM in December
New mortgage applications drop 15.7% MoM in December
Applications went down to 10,810 from 12,828 in November.
Deposits inch up by 0.6% in November 2021
Total loans and advances “remained virtually unchanged.”
HK launches first renminbi green bonds offering for $6.099
It was offered in two tranches with coupon rates of 2.8% and 3%.
Forex reserve assets slightly increase to US$498.1b
The total assets represent 48% of HK dollar M3.
Composite interest rate remains at 0.19% by end-September 2021
This is as the weighted funding cost for deposits was steady during the month.
Foreign currency reserves amount to $495b end-September
This represents about seven times the currency in circulation.
Total deposits slightly edge down by 0.1% in August
Meanwhile, total loans and advances increased by 0.3% in the same period.
Total loans rise 4% in June: HKMA
This was partially due to IPOs during the month.
Mortgage applications dip 3.6% in June
But loans approved increased 3%.
More SMEs find credit approval eased in Q2: Survey
Some 72% of SMEs perceived banks’ credit approval stance as easier.
Exchange Fund gains $102.7b in H1
Its total assets stood at $4.5t as of end-June.
HKMA appoints Donald Chen as new executive director
This will take effect on 1 November this year.
People’s Bank of China to issue RMB5b Bills
It will be issued through HKMA’s Central Moneymarkets Unit.
HKMA launches new Regtech guide series for banks
This forms part of the HKMA’s Regtech roadmap.
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Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong
Hong Kong universities drive market shift: strategic acquisitions for student housing
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