Hong Kong
Hong Kong Monetary Authority - Annual Report 2006
According to the Hong Kong Monetary Authority's Annual Report 2006, the exchange and money markets continued to be stable throughout the year despite record fund flows related to initial public offerings and speculation about the effect on the Hong Kong…
YV Reddy appointed chairman of the BIS in Asia
The Board of Directors of the Bank for International Settlements (BIS) announced Monday 12 March Yaga V Reddy as Chairman of the BIS Asian Consultative Council (ACC).
Yam warns investors to 'fasten safety belts'
Hong Kong Monetary Authority chief executive Joseph Yam said on Wednesday 21 February that the People's Bank of China's decision to raise the reserve requirement ratio on deposits will have little impact on mainland lenders.
HKMA says close monitoring needed on hedge funds
Hedge funds' activity needs to be monitored closely because their 'risk-taking . . . is often excessive,' the Hong Kong Monetary Authority (HKMA) said in a paper.
HKMA says real-time bond system ready 5-6 weeks
The real-time settlement system for yuan-denominated bond issues in Hong Kong will be ready in 5-6 weeks, HKMA chief executive Joseph Yam said in Beijing Tuesday 16 January.
IMF says HK peg can withstand strong yuan
The International Monetary Fund on Tuesday 9 January gave its backing to the Hong Kong dollar's peg to the U.S. dollar, saying recent reforms meant the exchange rate could withstand Chinese yuan strength.
HKMA says exchange rate peg important
Hong Kong Monetary Authority chief executive Joseph Yam said it is important to maintain the exchange rate with the HK dollar's peg to the US dollar to safeguard financial stability.
HKMA Quarterly Bulletin, December 2006
The Hong Kong Monetary Authority has published the December 2006 issue of its Quarterly Bulletin. The Bulletin includes the article 'Financial integration in Asia' which shows that the level of regional integration of Asia's capital and banking markets…
Malaysia, Hong Kong launch payment link
Bank Negara Malaysia (BNM) and the Hong Kong Monetary Authority launched a new cross-border payment-vs-payment link between Hong Kong's US dollar real time gross settlement (RTGS) system and Malaysia's ringgit RTGS system, the BNM said Monday 13 November.
HKMA's Yam on one country, two financial systems
In the speech 'One country, two financial systems' given on 20 October Joseph Yam of the HKMA said as the fundamental role of the financial system is financial intermediation the comparison should usefully be made in respect of the three channels of…
China calls for hedge fund cooperation
Financial regulators across the world must work together to keep tabs on the increasingly powerful hedge fund industry, China's banking regulatory head said in remarks published on Thursday 28 September.
HKMA Quarterly Bulletin, September 2006
The Hong Kong Monetary Authority published the September 2006 issue of its Quarterly Bulletin on 21 September. The Bulletin includes the article 'Hong Kong's business cycle synchronisation with Mainland China and the US'.
New York Fed's Geithner on hedge funds
In the speech 'Hedge funds and derivatives and their implications for the financial system' given on 14 September Timothy Geithner of the Federal Reserve Bank of New York said financial regulators need to pay more attention to whether margin requirements…
Review of the Asian Bond Fund 2 Initiative
The Bank of Japan has announced that the EMEAP (Executives' Meeting of East Asia-Pacific Central Banks) Working Group on Financial Markets has released a report titled "Review of the Asian Bond Fund 2 Initiative."
Hong Kong unlikely to use yuan as reserve currency
The Hong Kong Monetary Authority is unlikely to use the yuan anytime soon as one of its reserve currencies, HKMA chief executive Joseph Yam said Thursday 29 June.
HKMA's Choi on the debt market of Hong Kong
In the speech 'The debt market of Hong Kong - What can we offer to investors?' given on 13 June Y.K. Choi of the Hong Kong Monetary Authority said there are a few fundamental factors which make Hong Kong an ideal place for the bond market.
HKMA's Yam on East Asian financial markets
In the speech 'East Asian financial markets - The next frontier' given on 22 June Joseph Yam of the Hong Kong Monetary Authority said the successful experience of Asian Bond Fund has laid a strong foundation for enhanced regional cooperation by central…
HKMA Quarterly Bulletin, June 2006
The Hong Kong Monetary Authority published the June 2006 issue of its Quarterly Bulletin on 14 June. The Bulletin has four feature articles including 'The oversight of payment and securities settlement systems in Hong Kong'.
HKMA announces formation of AML Working Group
The Hong Kong Monetary Authority announced Tuesday 13 June the formation of the Industry Working Group on Prevention of Money Laundering and Terrorist Financing. Functions include encouraging the sharing of AML experiences and techniques among authorised…
New Zealand hosts EMEAP central bank governors
Central bank governors from major countries in the region gathered in New Zealand over the weekend to discuss common issues, Reserve Bank of New Zealand governor Alan Bollard said Monday 29 May.
Hong Kong Monetary Authority - Annual Report 2005
According to the Hong Kong Monetary Authority's Annual Report 2005, Hong Kong enjoyed robust economic growth in 2005, following a strong and broad-based recovery in 2004.
Comment: Reserves management update
How much has changed in the last year in the world of official reserves management? The same issues - the threat of a weakening dollar, central banks' role in bring this about and their response to it, a continuation of the unprecedented accumulation of…
HKMA's Yam rejects calls to dump dollar peg
The Hong Kong Monetary Authority has said it would resist pressure to re-peg the Hong Kong dollar away from the U.S. dollar and onto the Chinese yuan.
Launch of spot USD/HKD fixing
The Treasury Markets Association (TMA) announced Monday 3 April that the Spot USD/HKD Fixing would be formally launched on 6 April 2006, the Hong Kong Monetary Authority said in a press release.