HKMA steps up stability efforts

The Hong Kong Monetary Authority (HKMA) on Tuesday stepped up its efforts to enhance financial stability, issuing a blanket guarantee for customer deposits and offering to re-capitalise its banks.

John Tsang, the HKMA's financial secretary, termed the measures "precautionary and pre-emptive in nature" and stressed that there were no serious issues in the banking sector.

"I do not expect that the measures need to be triggered," he said. "Our banking system is healthy and robust."

The HKMA will

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: