Hong Kong
HK market structure has little impact on profit
Cost efficiency is significantly more important than market structure in determining the profitability of banks in Hong Kong, according to research published by the Hong Kong Monetary Authority (HKMA).
Yam hails innovation but urges caution
"The forces generated by financial innovation need to be properly harnessed," Joseph Yam, the chief executive of the Hong Kong Monetary Authority said on Monday.
Research finds East Asian ratings discrepancy
A significant discrepancy exists between agency ratings and market-based default risk measures for East Asian banks, according to a paper published by the Hong Kong Monetary Authority on Tuesday.
Ryback moves to Korean regulator
William Ryback, the former deputy chief executive of the Hong Kong Monetary Authority, is to join the Financial Supervisory Service (FSS), Korea's market regulator.
HKMA applauds move to free up mainland markets
Joseph Yam, the chief executive of the Hong Kong Monetary Authority (HKMA), has said he welcomes a pilot scheme that will allow investors from mainland China to invest directly in Hong Kong securities.
Japanese regulator seeks hedge fund clamp-down
The Japanese Securities and Exchange Surveillance Commission (SESC), has warned that investment banks and hedge funds are becoming "too close" and expressed fears that this could lead to insider trading and other forms of misconduct.
Hong Kong has new deputy
The Hong Kong Monetary Authority is set for a reshuffle after William Ryback, the deputy chief executive with responsibility for banking stability, said he would step down at the end of August.
Yam on Hong Kong's new polymer note
In his weekly column, the HKMA's chief executive, Joseph Yam, lists the reasons why the central bank is trialing a $10 polymer note and what results it is looking for.
Concerns remain over rising baht
The Thai central bank was has been urged by the country's military-backed government to cut its key interest rate further to try to stem the rise of the baht, the country's currency, which has reached ten-year highs against the dollar.
Weak integration in Asian bond markets
Integration in Asian bond markets has been weak and has stalled since 2003, argues a research paper from Hong Kong's central bank.
HKMA's Yam: $3bn note is cost-efficient platform
Joseph Yam, chief executive of the Hong Kong Monetary Authority, said on 27 June that a new multi-currency medium term note programme issued by the Hong Kong Mortgage Corporation "will provide a platform for the HKMC to broaden its investor base and…
HKMA's Yam on renminbi bonds
Renminbi-denominated bonds in Hong Kong are part of a bigger picture for both Hong Kong and the Mainland, writes Joseph Yam.
HKMA: Annual Report
A 9.5% return on the exchange fund and the establishment of payment system links in renminbi and ringitt were among the highlights of 2006, according to the Hong Kong Monetary Authority's 216-page review of the year.
HKMA Quarterly Bulletin, March 2007
The Hong Kong Monetary Authority has published the March 2007 issue of its Quarterly Bulletin. The Bulletin includes the article "Assessment of the euro payment system in Hong Kong". The article assesses Euro CHATS, one of the major clearing and…
China, Japan, Korea to pool some reserves - report
Bloomberg reported on Friday 4 May that China, Japan and South Korea have agreed to combine some of their foreign-exchange reserves in order to prevent any repeat of the crisis that hit Asia a decade ago.
Hong Kong Monetary Authority - Annual Report 2006
According to the Hong Kong Monetary Authority's Annual Report 2006, the exchange and money markets continued to be stable throughout the year despite record fund flows related to initial public offerings and speculation about the effect on the Hong Kong…
YV Reddy appointed chairman of the BIS in Asia
The Board of Directors of the Bank for International Settlements (BIS) announced Monday 12 March Yaga V Reddy as Chairman of the BIS Asian Consultative Council (ACC).
Yam warns investors to 'fasten safety belts'
Hong Kong Monetary Authority chief executive Joseph Yam said on Wednesday 21 February that the People's Bank of China's decision to raise the reserve requirement ratio on deposits will have little impact on mainland lenders.
HKMA says close monitoring needed on hedge funds
Hedge funds' activity needs to be monitored closely because their 'risk-taking . . . is often excessive,' the Hong Kong Monetary Authority (HKMA) said in a paper.
HKMA says real-time bond system ready 5-6 weeks
The real-time settlement system for yuan-denominated bond issues in Hong Kong will be ready in 5-6 weeks, HKMA chief executive Joseph Yam said in Beijing Tuesday 16 January.
IMF says HK peg can withstand strong yuan
The International Monetary Fund on Tuesday 9 January gave its backing to the Hong Kong dollar's peg to the U.S. dollar, saying recent reforms meant the exchange rate could withstand Chinese yuan strength.
HKMA says exchange rate peg important
Hong Kong Monetary Authority chief executive Joseph Yam said it is important to maintain the exchange rate with the HK dollar's peg to the US dollar to safeguard financial stability.
HKMA Quarterly Bulletin, December 2006
The Hong Kong Monetary Authority has published the December 2006 issue of its Quarterly Bulletin. The Bulletin includes the article 'Financial integration in Asia' which shows that the level of regional integration of Asia's capital and banking markets…
Malaysia, Hong Kong launch payment link
Bank Negara Malaysia (BNM) and the Hong Kong Monetary Authority launched a new cross-border payment-vs-payment link between Hong Kong's US dollar real time gross settlement (RTGS) system and Malaysia's ringgit RTGS system, the BNM said Monday 13 November.