Hong Kong
HKMA: Four pointers to financial stability
In a commentary published by the Hong Kong Monetary Authority, HKMA Chief Executive Joseph Yam says open, medium-sized and sophisticated international financial centres are attractive to international fund flows, which are often volatile. The task of…
Memorandum of Understanding between BNM & HKMA
Bank Negara Malaysia and the Hong Kong Monetary Authority jointly announced on Thursday 8 December the signing of a Memorandum of Understanding (MOU) for the establishment of a large-value payment-system link between Malaysia and Hong Kong.
Comment: Monetary system 'fundamentally stable'
A clear division of opinion and sentiment about the prospects for the world economy came to the surface at a conference on Global Government Bonds that took place this week in Hong Kong.
'Keep it simple' says Hong Kong's Yam
In a speech at the Global Bond Summit in Hong Kong this week, Joseph Yam, Chief Executive of the Hong Kong Monetary Authority, identified "possible directions to be explored" by the Asian Bond Fund.
PBOC to expand yuan settlement operations in HK
China's central bank will allow expanded yuan-denominated business in Hong Kong after technical preparations are completed, the People's Bank of China said on Tuesday 1 November.
HKMA's Topping on improving the management of risk
In the speech 'Improving the management of risk through implementation of Basel II' given on 27 September Simon Topping of the HKMA said although preparations for the implementation of the new capital framework are well advanced in a large number of…
HKMA Quarterly Bulletin, September 2005
The Hong Kong Monetary Authority published the September 2005 issue of its Quarterly Bulletin on 14 September. This issue of the Quarterly Bulletin contains two feature articles, both of which relate to the capital adequacy level of banks in Hong Kong.
India's Reddy on monetary co-operation in Asia
In the speech 'Monetary co-operation in Asia' given on 3 September, YV Reddy of the RBI said the RBI is planning a new six-country trade-weighted real effective exchange rate (REER) index for the rupee which would include China's yuan and the Hong Kong…
BIS Quarterly Review, September 2005
The Bank for International Settlements published its September 2005 Quarterly Review on Monday 5 September. Investors showed mounting anxiety over energy costs in late August, the report said.
HKMA's Pang on the Retail Bond Issue
In a speech given on 18 July Peter Pang of the Hong Kong Monetary Authority said the upcoming Retail Bond issue has both Hong Kong Dollar and US Dollar denominated notes. This is the first time that the HKMC issues US Dollar notes.
HK's Acting Financial Secretary welcomes reform
In response to the announcement made by the People's Bank of China Thursday evening, Hong Kong's Acting Financial Secretary, Stephen Ip welcomed the latest reform to the renminbi exchange rate regime.
HKMA says currency peg changes have worked well
An advisory body to the Hong Kong Monetary Authority (HKMA) has said the refinements that the HKMA introduced in May to Hong Kong's more than 20-year-old fixed currency peg have so far worked smoothly.
HKMA Quarterly Bulletin, June 2005
The Hong Kong Monetary Authority has published the June 2005 issue of its Quarterly Bulletin. This issue contains the regular Half-Yearly Monetary and Financial Stability Report, which analyses recent external and domestic influences on Hong Kong's…
Hong Kong loosens its dollar's 22-year peg
Hong Kong Monetary Authority chief Joseph Yam said on Thursday 19 May that a decision to loosen the Hong Kong dollar's 22-year peg to the US dollar won't encourage banks to raise interest rates sharply and hurt businesses.
Hong Kong's Pang on the Asian Bond Fund
In a speech given on 5 May, Peter Pang said the Asian Bond Fund project will bring about many benefits. First, it introduces and promotes new fixed-income products to the Asian markets.
HKMA appoints deputy chief executive
The Hong Kong Monetary Authority announced on Tuesday 26 April that the Financial Secretary has approved the appointment of Mr Y. K. Choi as Deputy Chief Executive of the HKMA. Two other appointments were also made, which will all take effect on 1 June.
HKMA Annual Report 2004
The Hong Kong Monetary Authority on Tuesday 19 April published its Annual Report for 2004. The Report reviews trends and events in monetary and banking affairs and reports on the HKMA's work during the year. It also sets out plans for the coming year.
Norman Chan to retire from HKMA
The Hong Kong Monetary Authority announced on Tuesday 12 April that Norman Chan, the Deputy Chief Executive responsible for reserves management and international affairs, will be departing from the HKMA some time in May.
HKMA announces pay review 2005
The Hong Kong Monetary Authority (HKMA) announced on Friday 1 April the result of the annual pay review for staff of the HKMA in 2005. As a result of the pay review, the Fixed Pay of most HKMA staff will continue to be frozen in 2005.
HKMA Quarterly Bulletin, March 2005
The Hong Kong Monetary Authority has published the March 2005 issue of its Quarterly Bulletin. This issue includes a graphical framework for monitoring the property market in Hong Kong - concluding that the risk of a property bubble developing in Hong…
HKMA's Yam on the euro: A stabilising factor
In the speech 'The euro: a stabilising factor of the International Monetary System. Can the euro be a benchmark for Asian monetary co-operation?' given on 21, March Joseph Yam of the Hong Kong Monetary Authority said Asian central banks should not rush…
China yuan move should be 10% - ex-HKMA's Latter
China would need to revalue its currency by at least 10 % in order for such a move to be credible to the markets, according to Tony Latter, former deputy chief executive of the Hong Kong Monetary Authority.
HKMA's Yam on Basel II: Back to the future
In the speech 'Basel II: Back to the future' given on 4 February, Joseph Yam of the Hong Kong Monetary Authority said the new framework of capital adequacy standards for banks, issued by the Basel Committee on Banking Supervision, is an important step…
HKMA's Chan on developing Hong Kong's debt market
In a speech at the cocktail reception of HKCMA Forum 2005 given on 26 January, Norman Chan of the Hong Kong Monetary Authority said that over the years the HKMA has been working closely with the Hong Kong Capital Markets Association in developing the…