Hong Kong
HKMA and BoJ launch new securities settlement framework
New “delivery versus payment link” aims to reduce settlement risk
Lifetime achievement: Charles Goodhart
LSE and BoE veteran has influenced central banking policy practices and frameworks all around the world
HKMA chief plays down threat to currency peg
Eddie Yue tells journalists forthcoming IPOs should alleviate pressure
BIS paper contrasts firm financing in US and Asia
Authors argue market segmentation drives different patterns of bond and loan financing
BIS and central banks partner to create CBDC ‘bridge’
Cross-border project will link up digital currencies of China, Hong Kong, Thailand and the UAE
HKMA defers trade facility repayments again
Loans may be extended further, HKMA says, as unemployment reaches 16-year high
HKMA and PBoC begin technical preparations for digital yuan pilot
HKMA CEO Yue says cross-border e-yuan will offer additional payment options to locals
MAS unveils yuan funding for banks in Singapore
New funding scheme of up to 25 billion yuan replaces overnight funding facility
World’s biggest IPO suspended after PBoC intervenes
Ant Group market debut suspended after Chinese authorities interview Jack Ma
Former HKMA chief Norman Chan sets up fintech firm
Chan becomes latest former senior Hong Kong official to move to fintech sector
Hong Kong open to working with PBoC on digital currency
Senior government official says authorities would “actively participate” if it aids “mutual connectivity”
Only 25% of central banks operate own printworks
Larger central banks from high income countries are more likely to print notes in-house
Covid-19 pandemic speeds up adoption of mobile banking – HKMA’s Yue
Eighty per cent of payments under Cash Payout Scheme were made electronically, HKMA chief says
Regulators must deal with AI risks – HKMA report
AI systems must keep “humans in the loop”, expert tells Central Banking
HKMA sets new Libor transition milestones for banks
Risks from benchmark reform continue to build up in the banking system, HKMA warns
Central bank museums grapple with lockdown
Money museums moved online to keep communicating during Covid-19 lockdown
The complex art of reserve management
Lockdown represents another inflection point for central banks managing $12 trillion in FX reserves
Hong Kong’s Exchange Fund reports record loss in first quarter
State fund’s assets lose $11 billion and investment chief warns of further losses
HKMA sets up inter-agency group for green finance
New initiative aims to co-ordinate regulation as ADB says Asia has huge green finance needs
The Belt and Road Initiative 2020 Survey – A more sustainable road to growth?
The third annual Belt and Road Initiative (BRI) survey reveals that central banks view BRI investment as sustainable compared with other forms of external debt, particularly given it is often proportionally less significant. Despite growing global trade…
Transfer season
Trade frictions with the US have caused a mass industrial transfer to China’s neighbours. Zhou Chengjun, IFF Academic Committee member and inspector of the Macro‑prudential Policy Bureau of the People’s Bank of China, says that shouldn’t stop China…
Crises enliven ‘totalitarian temptations’
Coronavirus pandemic will embolden government ‘power grabs’
Asian central banks rush to roll out easing measures
Japan expands asset purchases; Korea cuts rates; China extends lending and HKMA cuts capital buffer
Policy responses to Covid-19
The coronavirus outbreak poses a real threat to the global economy