Hong Kong
HKMA calls for safety deposit box inquiry
The Hong Kong Monetary Authority (HKMA) announced on Wednesday 6 October that it has required DBS Bank (Hong Kong) Ltd to carry out a thorough investigation into the recent destruction of rented safe deposit boxes at its Mei Foo branch.
HKMA promotes public awareness of new banknotes
The Hong Kong Monetary Authority (HKMA) said on Monday 27 September that its education campaign on the new series banknotes is making good progress. The main aim of the campaign is to promote public awareness of the security features of the remaining…
HKMA Quarterly Bulletin, September 2004
The Hong Kong Monetary Authority has published the September 2004 issue of its Quarterly Bulletin. The latest issue includes an article "International reserve holdings - Are financial centres different?" - examining the relationship between reserve…
HKMA's Yam on century-old treasures
In a speech on 'Century-old Treasures' given on 2 September, Joseph Yam of the HKMA officiated at the launch of a special set of 'Hong Kong Currency' stamps. He said this is a particularly memorable occasion as it is the first time that Hong Kong has…
HKMA's Topping on latest perspective on Basel II
Speech by Simon Topping, Executive Director, Banking Policy, Hong Kong Monetary Authority at the City University of Hong Kong Professional Seminar on Latest Perspective on Basel II, 19 July 2004.
HKMA's Yam on the case for an Asian Bond Market
In a speech on 'The Case for an Asian Bond Market' given on 8 July, Joseph Yam of the HKMA said collectively and individually, central banks and governments are making good progress on a variety of initiatives aimed at reducing barriers, building…
New Hong Kong banknotes
The Hong Kong Monetary Authority (HKMA) and the three note-issuing banks (Bank of China (Hong Kong) Limited, Standard Chartered Bank (Hong Kong) Limited and The Hongkong and Shanghai Banking Corporation Limited) announced on 5 July the issue and unveiled…
HKMA's Yam on banking sector risks and challenges
In the speech 'Banking sector risks and challenges' given on 16 June Joseph Yam of the HKMA said drew attention to five processes that are likely to have an impact on the banking industry in the future. Each of these will have a different degree of…
When Hong Kong trounced the speculators
The HKMA beat back speculators in 1998, but did its own fuzzy rules encourage them? Charles Calomiris reviews a new book on this famous episode.
HKMA's Topping on financial risk
In a speech on 'Assessing, Managing & Supervising Financial Risk' given on 17 May, Simon Topping of the HKMA said Basel II is certainly relevant to emerging markets. It has global applicability, but it has to be applied pragmatically, he said, and fine…
Hong Kong Monetary Authority - Annual Report 2003
The Hong Kong Monetary Authority has published its Annual Report for the year ended 2003. After six years of difficulty and uncertainty, Hong Kong's economy experienced a strong rebound in the second half of 2003 and this rebound has continued its…
HKMA releases pay review details
The Hong Kong Monetary Authority (HKMA) has announced the result of its annual pay review for staff of the HKMA in 2004.
Return and volatility spillovers In Hong Kong
Laurence Fung and Ip-wing Yu discuss the effects of return and volatility spillovers in Hong Kong financial markets.
Hong Kong's foreign currency reserve figures
The Hong Kong Monetary Authority (HKMA) announced on Monday 8 March that the official foreign currency reserve assets of Hong Kong amounted to US$123.5 billion at the end of February 2004.
Authorities considering independence for HKMA
Financial secretary Henry Tang has introduced the possibility that the Hong Kong Monetary Authority could gain full independence.
HKMA's Yam on issues in monetary policy
In a speech on 'Issues in Monetary Policy' given on 19 January, Joseph Yam of the Hong Kong Monetary Authority said that the HKMA had no concerns about the recent strengthening of the Hong Kong dollar.
Bank cards get OK for Hong Kong use
Mainland-based banks have got agreement from the People's Bank of China to expand their bank card business in Hong Kong, even though overseas banks are still banned from issuing bank cards on the Chinese mainland.
PBOC appoints clearing bank for RMB business
The People's Bank of China has appointed Bank of China (Hong Kong) Limited as the Clearing Bank for RMB Business in Hong Kong.
Yam reviews financial stability arrangements
In his weekely web column, Joseph Yam, chief executive of the Hong Kong Monetary Authority reviews how the HKMA monitors financial stability through its new regular "Financial Stability Report".
New Hong Kong banknotes
The Hong Kong Monetary Authority has announced that its new series of HK$100 and HK$500 banknotes will be put into circulation from 15 December.
PBOC to discuss Hong Kong yuan operations
The Hong Kong Monetary Authority is holding meetings this week with officials from the People's Bank of China, Dow Jones reported. Officials from PBOC will discuss what operations Hong Kong's banks can conduct on the yuan from next year.
PBOC signs cooperation agreement with HKMA
People's Bank of China governor Zhou Xiaochuan and Joseph Yam, Chief Executive of the Hong Kong Monetary Authority signed a cooperation memorandum for conducting renminbi (RMB) business in Hong Kong on Wednesday 19 November, according to the China Daily.
HKMA relocates its offices
The Hong Kong Monetary Authority (HKMA) announced on 18 November that it has officially relocated its offices to Two International Finance Centre (2 IFC). The office relocation is being undertaken in phases during the month of November.
HKMA moves to weaken Hong Kong dollar rate
The Hong Kong Monetary Authority continued selling HK dollars on Wednesday 12 October and buying about US$100 million, according to a report by Dow Jones. The move further weakened the HK dollar against the US dollar which was already declining following…