Financial Services
HKMA exchange fund posts investment income of $110b in H1
The gains on bonds were at $58b.
Select high lump sum projects to benefit from Hong Kong’s relaxation of mortgage rules
Hong Kong raised the LTV ratio cap to 70% for self-use properties worth less than $15m.
MUFG Bank closes $7b sustainability-linked syndicated term loan facility
The bank arranged the facility for HK-listed manufacturer, Kingboard Holdings.
HK proactively solidifies global financial centre status
The International Monetary Fund said Hong Kong reaffirms its status amidst recovery.
Bankers face sluggish hiring market, layoffs in Hong Kong
Industry insiders reveal how investment banks prioritize cost efficiency and productivity over hiring new employees.
8 in 10 SMEs say getting credit approval 'easier' in Q1: HKMA
Some, however, perceived the process to be "more difficult."
Foreign currency reserves hit US$427.4b in April
It dipped from the US$430.8b record in March.
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.
Composite interest rate down to 2.13% in March
This declined from 2.17% in February.
Foreign currency reserves hit US$430.7b in March
It rose from the US$429.1b record in February.
HK loses crown as top financial centre in APAC
It lost to Singapore by one point.
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.
Outstanding credit card balances went up 7.3% YoY in Q4 22
It indicates that consumers are reengaged to the market.
Pay for workers in finance industries to increase by 3.8% and up in 2023
This is likely because there will be a “greater focus” on finance tech industries this year.
Why GBA consumers invest in Hong Kong
Most (78%) cite higher returns than on the Mainland.
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