Hong Kong Monetary Authority (HKMA)

HKMA gets green light on HK deposit insurance

HONG KONG - Hong Kong's Executive Council has approved in principle a deposit insurance scheme proposal aimed at protecting depositors in the case of bank failures, the Hong Kong Monetary Authority said on Apr 24.

Permanent accommodation for the HKMA

ARTICLE - Joseph Yam, chief executive of the Hong Kong Monetary Authority, in his weekly column on the HKMA website, says that the strong reaction from some politicians about the planned purchase, through the Exchange Fund, of a permanent office for the…

Tsang fights for Exchange Fund independence

HONG KONG - Financial Secretary Donald Tsang has rejected the Democratic Party's request to freeze a Hong Kong Monetary Authority plan to spend HK$4 billion from the Exchange Fund on new offices.

HKMA - Fiscal Reserves and the Exchange Fund

ARTICLE - Joseph Yam, chief executive of the Hong Kong Monetary Authority, in his weekly column on the HKMA website explains how the exchange fund and the government's fiscal reserves are managed and invested together, while emphasising that they are two…

HK to fully deregulate interest rates in July 2001

HONG KONG - The Hong Kong Monetary Authority 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.

The Adequacy of Hong Kong's Foreign Reserves

HONG KONG - Experience suggests that Hong Kong needs considerably more in foreign reserves than the bare theoretical minimum to maintain currency stability, says Joseph Yam, chief exexcutive of the Hong Kong Monetary Authority in his weekly viewpoint…

HKMA Joseph Yam updates his cyberfable

HONG KONG - In March 2000, Joseph Yam, chief executive of the Hong Kong Monetary Authority, presented the first part of his popular satirical internet story. In his weekly viewpoint column published on the HKMA website today, Yam brings up to date with…

HKMA to buy office space rather than rent

HONG KONG - Hong Kong's quasi central bank on Mar 29, 2001 defended a plan to buy 14 floors in a building in the city's center for its new offices, saying the move will be cheaper than to continue renting.

Banking Supervision-HKMA Yam viewpoint

CENTRAL BANK ARTICLE - Effective banking supervision requires taking a larger view of the industry than simply focussing on the ability of borrower to repay, says Hong Kong Monetary Authority chief executive Joseph Yam in his weekly column on the HKMA…

China seeks HK expert to join central bank

China's Premier Zhu Rongji is seeking a Hong Kong banker to become a deputy governor of the country's central bank, a move which analysts say shows Beijing is serious about beefing up its regulatory control of the banking sector.

B-shares and China's monetary and banking systems

The removal of restrictions on the holding of B-shares should have a generally positive effect on the development of Mainland China's monetary and banking systems, says Joseph Yam, chief executive of the Hong Kong Monetary Authority, in his weekly…

Financial Markets on the Mainland-HKMA Joseph Yam

Joseph Yam, chief executive of the Hong Kong Monetary Authority, in his weekly viewpoint column published on the HKMA website, says that financial markets in emerging markets need careful sequencing in reforms. Recent developments suggest that the…

Why is domestic lending in Hong Kong sluggish-HKMA

Why does domestic lending continue to be so sluggish in Hong Kong when the economy is making such a vigorous recovery, asks Joseph Yam, chief executive of the Hong Kong Monetary Authority, in his weekly "Viewpoint" column published on the HKMA website.

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