HK to fully deregulate interest rates in July 2001

HONG KONG - The Hong Kong Monetary Authority (HKMA) said Apr 9, 2001 the territory's interest rates will be fully liberalized when the deregulation that covers Hong Kong dollar savings and current accounts goes ahead as scheduled July 3.

With the deregulation implemented, interest rate rules will no longer exist and individual banks will be able to decide their own interest rates on all types of deposits.

At present, the Hong Kong Association of Banks, which is the local banking cartel, determines

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: