Hong Kong
Banknotes: October to December 2022
A round-up of news and salient issues that have affected central bankers in the past three months
People: October to December 2022
A round-up of central bankers in the news and on the move during the past three months
People: Esma appoints vice-chair
HKMA names deputy chief executive; MAS expands sustainability group
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
Ukraine: the challenges for central banks
Rules on the weaponisation of money would help to protect a ‘public good’ amid geopolitical splits in a testing environment for central banks, write Gavin Bingham, Paul Fisher and Andrew Large
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
China and Hong Kong to strengthen capital market ties, senior official says
Hong Kong markets should be able to trade in Chinese government debt futures, says Fang Xinghai
HKMA fines Commerzbank for anti-money laundering lapses
German banking giant failed to conduct required checks on 17 customers between 2012 and 2016
HKMA deputy chief executive to retire early
Hong Kong’s finance secretary will chair a panel to pick a successor through open recruitment
HKMA invites CBDC business plans from private sector
Banks and tech companies may be invited to work with the central bank on future CBDC research
Hong Kong raises key interest rate by 75 basis points
HKMA chief warns consumers over mortgages as finance chief says housing market is “resilient”
Asian central banks deploy FX reserves to prop up currencies
Analysts remain confident in Asia’s financial stability, but recession risks are building
China and Hong Kong to launch derivatives trading link
HKMA chief says Swap Connect scheme will allow global investors to manage interest rate risks
PBoC launches renminbi reserve pool with BIS
Equivalent of $13.5 billion will be pooled by six central banks to withstand market volatility
Hong Kong and Taiwan raise rates
HKMA raises rates by 75bp, but local banks don’t follow, while Taiwan increases by 12.5bp
Nearly 30% of central banks implementing instant payments
Over half of respondents already oversee or operate instant payments
Central banks follow Fed with rate hikes
Several central banks have raised their policy rates in response to the Federal Reserve hike
Hong Kong recovery expected to slow – IMF
Fund warns of risks including exposures to Chinese real estate and further supply disruption