Hong Kong Monetary Authority (HKMA)
BIS urges vigilance on asset bubbles
It's time for central bankers to get tough on bubbles, according to a top official at the Bank for International Settlements. Overly high stock and property prices should prompt central bankers to take interest rate action in the same way rising wage…
HKMA Background Brief No.1: HK Linked ER System
Since 1983 the Hong Kong dollar has been linked to the US dollar at the rate of HK$7.8 to one US dollar. The link is maintained through the operation of a strict and robust currency board system. This booklet published by the Hong Kong Monetary Authority…
Slowdown in the US Economy- HKMA's Joseph Yam
The suddenness of the recent slowdown in the US economy has taken many by surprise. But policymakers have plenty of scope for turning this inevitable adjustment into a more sustainable growth path. By Joseph Yam, chief executive of the Hong Kong Monetary…
HK Exchange Fund may profit despite stocks, euro
Hong Kong's Exchange Fund of financial reserves may show only a modest profit this year due to a substantial fall on the local stock market and a sharp drop in the euro , the de facto central bank said on Dec 28, 2000.
HKMA launch final stage of dollar clearing system
The Hong Kong Monetary Authority launched the final phase of its US dollar payment system on Monday, offering paper cheque clearing and delivery versus payment settlement of US dollar denominated debt.
HKMA concerned about US economic slowdown risk
The head of the Hong Kong Monetary Authority, one of the world's largest holders of foreign exchange, said he remained apprehensive about the risk of a downturn in the US economy, according to the Friday overseas edition of the Financial Times.
China WTO to boost HK banks, GDP growth - HKMA
China's looming entry into the World Trade Organisation will boost financial services and raise Hong Kong gross domestic product growth by upto 1%, according to the Hong Kong Monetary Authority, the territory's de facto central bank.
HKMA, HSBC beef up anti-counterfeiting measures
Hong Kong's quasi central bank the Hong Kong Monetary Authority and the Hong Kong & Shanghai Banking Corp. unveiled Monday new security features to combat widespread counterfeiting of Hongkong Bank's HK$1,000 notes.
HKMA seeks right to approve senior bank staff
Hong Kong's quasi-central bank Monday proposed a regulatory change which would give it the power to approve the appointment of senior management at the city's banks.
HKMA to provide four-month issuance schedule
The Hong Kong Monetary Authority will provide a quarterly schedule of its issuance plans for Exchange Fund bills and notes, beginning with the December-to-March period, it said Thursday.
HKMA urges Hong Kong banks to go green
Hong Kong's quasi central bank Wednesday called on the city's banks to sign a United Nations environmental awareness statement, and to consider producing their own formal environmental policy statements.
HKMA says maintains open mind on deposit insurance
The Hong Kong Monetary Authority (HKMA) said on Monday it still has an open mind on whether Hong Kong needs a deposit insurance scheme, and will not rule out extending a consultation period on the issue.
HKMA Yam on the future of the financial industry
Joseph Yam, chief executive of the Hong Kong Monetary Authority, has written a number of articles in his regular column the HKMA website on the technological revolution now in full flood. In this week's column, he imagines what life might be like for the…