Hong Kong Monetary Authority (HKMA)
Bénédicte Nolens on the latest mBridge developments
The head of the Bank for International Settlements’ Hong Kong Centre speaks about cross-border CBDC governance, ongoing FX challenges and evolving technology
Hong Kong has no plans to change US dollar peg, says HKMA chief
Eddie Yue says the linked exchange rate system has served the city well
Asian central banks hold rates
Philippines, Indonesia, Taiwan and Hong Kong stay put
Hong Kong regulator moves against crypto exchange
SFC says JPEX is not regulated to trade in city as police arrest influencers linked to firm
Retail CBDCs can promote payment competition, report finds
BIS, HKMA and Bank of Israel say project found using different service providers need not harm security
Kazakhstan joins mBridge project
NBK joins cross-border CBDC project as an observer
Banknotes: July to September 2023
A round-up of news and salient issues that have affected central bankers in the past three months
HKMA launches retail CBDC pilots
Hong Kong central bank will work with 16 firms, including banks and payment companies
China and Hong Kong set to launch Swap Connect
New trading link will make it easier for foreign investors to hedge interest rate risks
Towards legal CBDCs
Officials at the Bank of Thailand and Bank of Jamaica on how their CBDC design choices interact with the law
Three Asian central banks raise rates
Central banks in Taiwan, the Philippines and Hong Kong continue with monetary tightening
BoT’s Sethaput on inflation dynamics, central bank mandates and multi-lateral payments
The Bank of Thailand governor speaks with Christopher Jeffery about the trend towards higher inflation, the sustainable finance challenge, experiments with CBDCs and governance issues related to multi-lateral payments
Rethinking the CCyB
As central banks rush to replenish bank capital reserves, the countercyclical buffer may need some fine-tuning
People: Esma appoints vice-chair
HKMA names deputy chief executive; MAS expands sustainability group
BIS tests stablecoins in its first retail CBDC project
Project Aurum with HKMA also explored a token model
HKMA raises interest rate after Fed’s hike
Eddie Yue says US rate rises will not affect Hong Kong’s stability
Hong Kong consults on allowing retail crypto trading
Officials hope to improve city’s appeal to tech investors as Singapore proposes tougher crypto regulation
BIS and central banks say multi-CBDC platform trial was a success
Central banks of China, Hong Kong, Thailand and UAE took part in US$22 million cross-border trial
Hong Kong sets up investment company using HKMA funds
Analysts draw parallels between the new company and Singapore’s sovereign wealth fund Temasek
China, Hong Kong, Thailand and UAE complete cross-border CBDC test
Bank for International Settlements co-ordinated the trial on its mBridge platform
Hong Kong, Indonesia and Philippines raise rates
Indonesian hike is above expectations while HKMA and BSP also raise rates
Hong Kong forges ahead with retail CBDC plans
Three “rails” will guide path to possible central bank digital currency issuance
Social media: an essential tool for central bank communication
Strategies to secure popularity, comprehensibility and reputation as new media takes centre stage
Hong Kong leader eyes financial summit success amid Singapore rivalry
Hong Kong struggles to balance Covid measures with desire to affirm itself as a top financial hub