Hong Kong
HK monetary chief takes a 10% pay cut
HONG KONG - Hong Kong monetary chief Joseph Yam, claimed by many as being over-paid, became the first senior civil servant to take a pay cut as part of the government's belt-tightening drive.
Decision on HKMA staff wage cuts Thursday
HONG KONG - The Exchange Fund Investment Committee will decide Thursday whether to cut salaries at the Hong Kong Monetary Authority for the new financial year starting next month, the Ming Pao reports.
Financial Stability Forum holds seventh meeting
PRESS RELEASE - The Financial Stability Forum (FSF), chaired by Andrew Crockett, General Manager, Bank for International Settlements, met on 25-26 March in Hong Kong SAR, 26 March.
HKMA Quarterly Bulletin - February 2002
REPORT - The Quarterly Bulletin (QB) carries regular reporting and analyses on the policies of the HKMA's key activities in fulfilling its central banking functions and provides a forum for the HKMA to explain its philosophy and policies, particularly…
Speech by Robert Parry, San Francisco Fed, 7 Mar
SPEECH - In the speech titled 'The U.S. Economy in 2002' Parry said he sees signs the U.S. economy is turning around, and that the outlook for business investment in equipment and software is improving.
Singapore, Hong Kong sign agreement on regulation
SINGAPORE - The Monetary Authority of Singapore (MAS) signed a Memorandum of Understanding (MOU) Friday with the Office of the Commissioner of Insurance of Hong Kong (OCI) for cooperation in regulation of the insurance industry.
Hong Kong tightens markets regulations
HONG KONG - Hong Kong legislators yesterday passed into law long-awaited legislation aimed at significantly tightening regulation of the territory's capital markets.
Speech by T Latter, Deputy Chief Exec HKMA, 12 Mar
SPEECH - In the speech titled 'Why blame the peg?' Latter defended Hong Kong's association with the US dollar saying that the Hong Kong dollar's peg to the U.S. currency was "the most appropriate monetary anchor for Hong Kong."
HKMA Press Release
PRESS RELEASE - Real Time Gross Settlement (RTGS) Systems in Hong Kong and Reuters Dealing 3000.
Speech by Joseph Yam of the HKMA
SPEECH - The speech by Yam titled 'Briefing to the Legislative Council Panel on Financial Affairs' was divided into four topics currency, banking, financial infrastructure, exchange fund.
States stay on money laundering list
HONG KONG - Nineteen countries and territories are to continue suffering under the stigma of being listed as havens for money laundering.
Speech by David Carse of the HKMA
SPEECH - In the speech made Thursday and titled '2001 End-Year Review and Prospects and Priorities for 2002' Carse said the challenging operating environment last year will have put pressure on the earnings of Hong Kong banks.
Speech by Tony Latter, Deputy Chief Executive HKMA
SPEECH - Speech by Tony Latter, Executive Director, HKMC, Bauhinia MBS Limited, US$3,000,000,000 Mortgage-Backed Securitisation Programme, Signing Ceremony, 19 December 2001.
Yam to receive degree of Doctor of Business
HONG KONG - Joseph Yam Chi-kwong, Chief Executive of the Hong Kong Monetary Authority, will receive the degree of Doctor of Business Administration, honoris causa.
Speech by Joseph Yam of the HKMA
SPEECH - Opening remarks by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority to the Hong Kong Foreign Exchange and Money Market Practices Committee Conference on Challenges and Opportunities in the New Century, 22 November.
Speech by David Carse of the HKMA
SPEECH - Speech by David Carse, Deputy Chief Executive of the Hong Kong Monetary Authority, 28 November.
China, HK banks to share retail expertise - HKMA
HONG KONG - Banks from China and Hong Kong can cooperate closely on retail banking business, such as swapping information about the credit standing of borrowers, Hong Kong's de facto central bank chief said last Thursday.
Speech by Tony Latter, Deputy Chief Executive HKMA
SPEECH - Address by Tony Latter, Deputy Chief Executive, Hong Kong Monetary Authority at the Seminar Programme of the FOW Derivatives Expo, Hong Kong, 5 November.
Speech by Joseph Yam, Chief Executive of the HKMA
SPEECH - Speech by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority, 5 November. Briefing to the Legislative Council Panel on Financial Affairs.
China has no plan to relax foreign bank rule: HKMA
HONG KONG - China said on Tuesday it had no plans to relax its US$20 billion asset-base threshold for foreign banks wanting to open branches in the country, according to a Hong Kong Monetary Authority (HKMA) spokesman.
HKMA Press release on retail payment services
PRESS RELEASE - The Hong Kong Monetary Authority (HKMA) has completed a comprehensive review of retail payment services in Hong Kong ("the Review"), which was conducted by an internal task force of the HKMA set up in August 2000.
China's gold exchange launch seen on 28 Nov
CHINA - China could launch its gold exchange in Shanghai next month with about 100 domestic firms permitted to trade gold for physical settlement only, industry sources in Hong Kong said on Tuesday.
Speech by Joseph Yam, Chief Executive of the HKMA
SPEECH - Speech by Joseph Yam, Chief Executive of the Hong Kong Monetary Authority at the Hong Kong Institute of Bankers Lunch Talk 24 October.
HKMA's Yam - Catastrophe to drop HK$ peg now
HONG KONG - HKMA chief uses strong words to quash talk of de-pegging from US$ in a speech given on Wednesday.