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’s total loans down 2.8% in 2024
Hong Kong’s total loans down 2.8% in 2024
Loans for use outside Hong Kong dropped by 1.3% in December.
5 days ago
Home loans in negative equity dropped to $25.03b in Dec 2024
The number of cases fell, but the three-month delinquency ratio rose.
5 days ago
Hong Kong’s total deposits up 7.1% in 2024
Renminbi deposits fell, whilst RMB remittance rose in December.
5 days ago
Employment, not prices, to weigh on Hong Kong banks’ loans
Banks will face ‘minor but manageable’ pressure on such portfolios.
DBS welcomes deepening financial market ties between Hong Kong, China
It will broaden overseas investment channels for mainland institutional investors, a DBS managing director said.
Hong Kong launches incubator for banks’ adoption of DLT
Tokenised deposits will be a core focus upon the incubator’s inception.
Nanyang Commercial Bank warns against fraudulent websites
It has reported the case to authorities.
Hong Kong central bank warns against unauthorized finance firm
The firm reportedly does not have authorization to take deposits.
HKMA adds new spatial dataset via Open API
It includes details on five types of self-service banking machines of 20 retail banks.
HKMA fines CITIC HK$4m over anti-money laundering breaches
The bank failed to generate alerts for suspicious transactions between November 2015 and July 2018.
HKMA holds public consultation on proposed banking ordinance enhancements
It aims to align local regulations with international standards.
Hong Kong total deposits up 5.8% YTD in October
Hong Kong dollar deposits grew, but renminbi remittances fell.
HKMA launches digital bond grant scheme to boost digital securities market
Issuers of eligible digital bonds may receive a maximum grant of $2.5m.
Hong Kong central bank welcomes complete migration to Credit Data Smart
Banks and lenders now operate under a multiple credit reference agencies model.
Hong Kong’s digital banks play crucial role in developing the fintech ecosystem
Public acceptance of digital banks is increasing in the city.
Hang Seng Bank eyes Middle East expansion
Its two subsidiaries already have collaborations planned in Saudi Arabia.
HSBC, Ant Int’l complete HKD cross-bank test transactions
The use case integrates HSBC and Hang Seng’s networks with Ant’s Whale platform.
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