Hong Kong Monetary Authority (HKMA)
PBoC issues 20 billion yuan of central bank bills in Hong Kong
Bills could help improve the yuan-denominated bond yield curve amid a lack of liquidity in the Dim Sum bonds market
Lifetime achievement: Zhou Xiaochuan
The former People’s Bank of China governor stands out for his high levels of integrity, intellectual rigour and bold reforms that have served the public interest in China and elsewhere
IMF endorses Hong Kong’s tight macro-prudential measures
But risks to the outlook appear to be building, the fund says
Ageing population is deflationary – HKMA paper
Deflationary pressures “should not be ignored”, economist says
Advisory services: Deloitte
Deloitte has a growing central bank footprint, including new projects on strategy and cyber resilience in Canada, fintech in Saudi Arabia and DLT in Hong Kong
The PBoC’s efforts to solve the ‘impossible trinity’
Chinese central bank intervenes to manage offshore renminbi rate; uses swaps, rather than selling reserves in latest currency interventions
Hong Kong’s new banknotes get design facelift
For the first time, the design of the notes will share a unified theme; the notes will not be printed on polymer due to security feature integration
HKMA’s ‘e-wallet’ feature suspended weeks after launch - local media
“Autopay” feature of new payments system hit by fraud allegations; HKMA says security is robust
HKMA launches new faster payments system
New system will reduce transaction time and scrap interbank fees
PBoC launches first phase of blockchain trade financing platform
Platform could help increase access to finance for SMEs while improving trade networks between Macao and Hong Kong
Bank of Brazil and HKMA sign fintech agreement
Central banks to promote innovative financial services companies
HKMA spends over $2 billion to defend local currency
Hong Kong dollar fell to hit lower limit of its 7.75-7.85 peg to US dollar
Global regulators to collaborate on fintech sandbox
UK’s FCA unveils global network of 12 regulators that will collaborate on testing and supervising innovative technology
A real-time payments revolution in Asia
Asian central banks have encouraged the development of instant payment systems to defend monetary policy transmission and counter cryptocurrency usage
PBoC seeks to reassure bond investors amid default concerns
Pan Gongsheng says the central bank has not seen any “special abnormalities”
People: new RBI deputy; Ingves to chair Toronto Centre
ECB appoints director general of micro-prudential supervision; HKMA has new executive director of financial infrastructure; Liberia appoints new board
Hong Kong mandates use of legal entity identifiers for OTC derivatives
LEIs will be mandatory for some firms from April 1, 2019
Hong Kong filmmakers found guilty of possession of fake banknotes
The banknotes were props in an award-winning film; HK filmmakers association called the conviction a “big joke”
China opens onshore market to foreign investors
MSCI adds Chinese shares to its emerging markets index for the first time
HKMA has no plans to launch digital currency - Treasury official
Hong Kong’s efficient payment infrastructure lessens incentive to go digital, official says
HKMA rolls out new initiatives to lure bond issuance
The three-year pilot promises to fund half of eligible bond issuance expense, up to a maximum of HK$2.5 million
HKMA buys HK dollar for first time in 13 years
HKMA chief says central bank is “fully capable” of defending local currency
People: Brazil central bank set for female deputy
Carolina de Assis Barros set to become deputy governor after reshuffle; ECB’s Euribor expert prepares for EMMI move; and more
Hong Kong prepares boost to equity derivatives booking
Proposed revamp of large exposure limits would allow netting to reduce capital charges