Hong Kong Monetary Authority (HKMA)
HKMA strikes a cautious note on territory’s banking sector
Hong Kong Monetary Authority concerned about continued credit expansion in the territory and contagion risk from the European sovereign debt crisis
HKMA settles on staff pay increase
Hong Kong Monetary Authority decides to raise staff wages by more than 5%; constitutes a larger increase than was awarded in 2011
HKMA bulletin reveals liquidity pressures
Funding costs for banks rise amid tougher international climate as renminbi debt market expands, says HKMA Quarterly Bulletin and Half Year Financial Stability Report
Hong Kong and Malaysia launch investment and settlement pilot platform
Hong Kong Monetary Authority, Bank Negara Malaysia and Euroclear Bank launch new pilot platform for cross-border investment and settlement of debt securities; culmination of work started in 2008
HKMA’s Chan says fiscal cuts are essential for Europe
Hong Kong Monetary Authority chief executive Norman Chan says Europe must make deep fiscal cuts to regain market confidence. Talks about macro-prudential regulation, the Hong Kong dollar peg and the internationalisation of the renminbi
HKMA head Norman Chan on bank regulation and the renminbi
Chief executive tells Christopher Jeffery that central bankers need to be proactive in dealing with asset bubbles. He also explains Hong Kong’s role in the renminbi's internationalisation
Hong Kong to launch new microfinance pilot scheme
Hong Kong Mortgage Corporation says it plans to issue up to HK$100 million worth of loans as part of three-year long trial
Financial conditions ripe to relax renminbi rules, says HKMA’s Chan
Hong Kong Monetary Authority chief executive Norman Chan says continued growth of Hong Kong's offshore renminbi market has paved the way for more relaxed regulatory requirements
Avoid short-term ‘euphoria’ of excessive leveraging: HKMA’s Chan
Norman Chan, chief executive of the Hong Kong Monetary Authority, calls excessive leveraging the 'root cause' of the global financial crisis; tells of Asian experiences of crises
China and Hong Kong double currency swap agreement
Hong Kong and China double currency swap arrangement; Hong Kong pushes to remain number one offshore renminbi business centre while China proceeds with internationalisation of renminbi
HKMA’s Lau lays out strategy for regulating OTC derivatives
Hong Kong Monetary Authority executive director Edmond Lau says Hong Kong over-the-counter derivatives regulation must meet international standards
HKMA’s Chan happy with pace of renminbi internationalisation
Norman Chan accepting of need to test the offshore market with step by step internationalisation of renminbi; urges banks to get ready for trade using Chinese currency
HKMA misses design fault on new banknote
Hong Kong Monetary Authority forced to apologise for design flaw on new HK$100 banknote; cost of re-design and re-prints will be covered by banknote designer HSBC
Hong Kong strengthens security for ATMs
Automatic teller machines will use chip-based technology to help cut fraud; magnetic strips on cards will still work for foreign transactions
HKMC - Annual Report (2010)
Hong Kong Monetary Corporation 2010 Annual Report shows $600 million increase in loans purchased in Hong Kong
HKMA’s Chan allays concerns over marginalisation of HK dollar
Hong Kong Monetary Authority chief executive Norman Chan dismisses concerns Hong Kong dollar is being substituted by renminbi
RBA should cede control over senior pay, says Australian lawmaker
Australian senator Bob Brown calls for senior pay at Reserve Bank of Australia to be independently set by external panel; governor Glenn Stevens could see pay package cut
HKMA’s Pang warns of hot pockets in emerging Asia
Hong Kong Monetary Authority deputy chief executive Peter Pang highlights policymakers’ concerns of growing capital inflows in emerging markets
RBA governor ahead of HKMA chief on pay scale
Reserve Bank of Australia governor Glenn Stevens overtakes Hong Kong Monetary Authority chief executive as one of the highest paid central bank heads
Singapore challenges Hong Kong over global yuan hub status
Singapore agrees to open Chinese bank to clear yuan trades; Hong Kong’s plans to become centre for offshore yuan trade at risk
China agrees $3.83 billion currency swap with New Zealand
People’s Bank of China and Reserve Bank of New Zealand sign $3.83 billion currency swap deal to further facilitate renminbi trade
HKMA’s Chan reviews merits of universal banking
Hong Kong Monetary Authority chief executive Norman Chan says central bank will take balanced approach to universal banking
HKMA - Monetary and Financial Stability Report (March 2011)
Hong Kong Monetary Authority March 2011 Monetary and Financial Stability Report calls for stringent bank underwriting standards to ease property bubble
HK forms microfinance study group
Group to assess whether there is a need for microfinance provision in Hong Kong