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 warns public of online scams targeting local banks
HKMA warns public of online scams targeting local banks
The Bank of East Asia reported fake websites and internet banking login screens.
1 day ago
Hong Kong’s credit card transaction value decline in Q2
This is despite the volume of transactions rising during the quarter.
Hong Kong eases info-sharing in banks’ anti-fraud push
The changes let banks share more information without fear of liability.
Singapore and Hong Kong enhance banking supervision cooperation
It enhances supervision of cross-border operations of banks under their purview.
Hong Kong's banks encouraged to explore tokenised deposits and assets
Authorities are expected to work together to regularise the issuance of tokenised bonds.
Hong Kong opens consultation on phase 2 of green finance taxonomy
It added 13 new economic activities and expanded sector coverage.
ABN AMRO Clearing Bank granted restricted banking licence in Hong Kong
There are now 16 restricted licence banks in the city.
Hong Kong’s mortgage loan applications, approvals rose in July
Mortgage loans for primary market and secondary market transactions both increased.
HSBC fined HK$4.2m for disclosure breaches in research reports
It is estimated to have affected disclosures in over 4,200 reports.
HKMA study identifies AI and data analytics as key banking skills
Another key finding is the importance of a collaborative approach across the industry.
Hong Kong lenders consider making bad bank to offload $25b in soured loans
Hang Seng Bank and BoCom reportedly mulled setting up a special vehicle.
Hong Kong says Chong Sing Heritage Trust an unauthorized bank
The bank does not have authorization to carry a banking business in Hong Kong.
Chart of the Week: HK credit and charge card market to reach $132.4b
Banks are rolling out new services, such as a mobile virtual card and a dual-currency card.
Hong Kong credit card values up 8.4% to $34.91b in Q1
The number of debit card transactions fell although the value rose.
Hong Kong, China launch Payment Connect for faster cross-border payments
Supported services include instant remittance services, amongst others.
HKMA, HKUST Business School ink MoU for applied cybersecurity research
They will explore supervisory tech and regulatory tech.
Hong Kong’s card receivables down 5.8% to $19.5b in Q1
Delinquent and rescheduled ratio was 0.42% as of end March 2025.
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