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 to place ‘guardrails’ to mitigate potential risks in virtual assets
This is in line with the development of VAs in Hong Kong.
Hong Kong to place ‘guardrails’ to mitigate potential risks in virtual assets
This is in line with the development of VAs in Hong Kong.
Hong Kong opens application for fintech subsidy
The pilot scheme will reimburse up to 80% of the training cost.
Gov't launches new round of Fintech training, subsidy scheme
Subsidy for each approved project increased to $150,000.
Foreign currency reserves down to US$441.7b in July
This is over US$5m lower from the preceding month.
Finance ministry to issue 10-year RMB sovereign bonds
The bonds total RMB1b.
Around 85% of SMEs cite similar, easier credit approval in Q2 2022
This is up from 75% in the first quarter.
HK dollar deposits decrease by 0.5% in April
Total deposits with authorised institutions decreased by 0.3% in April.
Investors shouldn’t be overly alarmed amidst HKD peg resilience: Bank of Singapore
Risk of Hong Kong Dollar de-pegging is very low.
13% of SMEs find credit approval more difficult
The SMEs' perception jumped 1% compared to the previous quarter.
HKMA extends Banking Talent Programme until August
The programme was supposed to end in February.
HKMA records 0.4% increase in total deposits in December 2021
Local currency deposits, meanwhile, decreased by 0.8%.
RML in negative equity see increase to 21 cases in December 2021
The increase was attributed to bank staff housing loans.
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.
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