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…
China rejects US threat on yuan
A threatened US bill which would give China six months to revalue its exchange rate before facing sanctions was criticised by the Foreign Ministry as the wrong way to handle the situation.
Hans Genberg appointed Executive Director at HKMA
The Hong Kong Monetary Authority announced on Monday 24 January the appointment of Hans Genberg as Executive Director in charge of research with effect from 7 February.
Hong Kong's latest foreign currency reserves
The Hong Kong Monetary Authority (HKMA) announced on Friday 7 January that the official foreign currency reserve assets of Hong Kong amounted to US$123.6 billion at the end of December 2004, up from US$121.5 billion at end-November 2004.
HKMA's Yam says dollar may become less popular
The dollar may become ``less popular'' as a reserve currency should record U.S. current-account and budget deficits persist, said Joseph Yam, chief executive of the Hong Kong Monetary Authority in an article published by the HKMA on Thursday.
HKMA Quarterly Bulletin, December 2004
The Hong Kong Monetary Authority has published the December 2004 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's Yam on cb authority and transparency
In a speech on 'Central bank authority, accountability, transparency and effectiveness' given on 18 November, Joseph Yam of the Hong Kong Monetary Authority said there has been a shift in the approach to transparency in recent years, from a broad…
HKMA's Topping on liquidity risk management
In a speech on 'Liquidity risk management: A regulator's view' given on 16 November, Simon Topping of the Hong Kong Monetary Authority said central to effective liquidity risk management is a bank's ability to maintain adequate liquidity in the event of…
HKMA's Yam says yuan likely fixed for long time
Joseph Yam, chief executive of the Hong Kong Monetary Authority, said in a speech that China is unlikely to relax controls that keep its currency tied closely to the US dollar until after it manages a soft landing for its overheated economy.