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 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.
HK banking system 'resilient’ amidst the Credit Suisse fallout
HKMA and SFC are closely monitoring the situation.
UBS’ takeover of Credit Suisse ‘insignificant’ to HK’s banking sector: HKMA
The total assets of Credit Suisse’s HK branch represent less than 0.5% of the local banking sector's.
Foreign currency reserves hit US$429.1b in February
It contracted from the US$436.5b record in January.
Composite interest rate rises to 2.17% in January
It is because of increased weighted funding costs for deposits.
HKMA raises its base rate to 5.00%
The new rate took effect on 2 February.
Mortgage loans in Hong Kong drops by nearly 10% in December
Loans stood at HK$25.6b during the month, the Monetary Authority reported.
Total loans, advances down 1.2% in October: central bank
Loans for use in the market were down by 1%.
Foreign currency assets down by $25.5b in October: HKMA
The decrease was attributed to the sale of US$ under currency board arrangements.
Approved mortgage loans drop 4.7% MoM in October
The drop was likely due to the decrease in applications during the same month.
Fintech enterprises in Hong Kong grows to over 800 within 5 years
This is up from 180 fintech firms.
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.
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