Hong Kong
HKMA to establish Credit Reference Agency
The Hong Kong Monetary Authority announces plan for establishment of Commercial Credit Reference Agency in Hong Kong, 16 June.
BOC head quits posts in H.K. amid inquiry
Former chief executive of Bank of China's Hong Kong unit, Liu Jinbao, has stepped down from his positions at the Hong Kong Stock Exchange and at the Hong Kong Monetary Authority as its exchange fund advisor, Bloomberg reports.
HKMA Quarterly Bulletin, June 2003
The Hong Kong Monetary Authority (HKMA) on 12 June published the latest issue of its Quarterly Bulletin. This issue contains four feature articles including 'The Impact of Interest Rate Shocks on the Performance of the Banking Sector' which provides an…
Hong Kong Monetary Authority - Annual Report 2002
The Hong Kong Monetary Authority has published its Annual Report for the year ended 2002. The Report explains the HKMA's work and achievements over the past year and sets out the challenges and objectives for the year ahead.
Hong Kong launches euro clearing system
Hong Kong launched its euro clearing system on Monday 28 April with the aim of eliminating Herstatt risk in foreign exchange settlements, according to Reuters.
HKMA's Euro Clearing System goes live
The Hong Kong Monetary Authority's new Euro Clearing System will process its first transaction on 28 April. The key functions of the Euro Clearing System will include an interbank Real Time Gross Settlement (RTGS) system.
HKMA 's Cheque Imaging System
Live Operation of the Hong Kong Monetary Authority's Cheque Imaging and Truncation System, 10 April.
HKMA Pay Adjustments 2003
The Hong Kong Monetary Authority (HKMA) announced on Thursday March 27 that the pay adjustments for staff of the HKMA would take effect in April 2003. The changes include a further reduction of just over 5% in fixed pay for Chief Executive Joseph Yam.
Carse: how the HKMA tackles money laundering
In a speech "The Fight Against Money Laundering and Terrorist Financing - The HKMA Viewpoint" delivered on March 17, David Carse, deputy chief executive, outlined Hong Kong's approach to combatting financial crime.
Banking - Hong Kong style
BOOK - The HKMA yesterday published the second of a series of background briefs designed to explain the workings of Hong Kong's monetary and banking systems. "Banking Supervision in Hong Kong" describes the main features of Hong Kong's banking system and…
HKMA Quarterly Bulletin, March 2003
The Hong Kong Monetary Authority's Quarterly Bulletin for March 2003 includes articles on the 'External Demand for Hong Kong Dollar Currency' and 'Alternative Measures of the Real Effective Exchange Rate'.
Joseph Yam appointed Chairman of the BIS ACC
The Board of Directors of the Bank for International Settlements (BIS) on Monday 10 March announced Joseph C K Yam as Chairman of the BIS Asian Consultative Council (ACC). Mr Yam is Chief Executive of the Hong Kong Monetary Authority.
Hong Kong Monetary Authority Press Release
PRESS RELEASE - IMF Mission forecasts a faster growth rate for Hong Kong in 2003.
Hong Kong Monetary Authority Press Release
PRESS RELEASE - Mr Joseph Yam, Chief Executive of the Hong Kong Monetary Authority, met with Mr Zhou Xiaochuan, the newly appointed Governor of the People's Bank of China, in Beijing today, 29 January.
Settlement link - HKMA and Clearstream goes live
The Hong Kong Monetary Authority said Tuesday a direct link between its transaction settlement system and Europe's Clearstream system has gone live.
HKMA Quarterly Bulletin, November 2002
REPORT - The Hong Kong Monetary Fund has published its Quarterly Bulletin for November 2002. The issue includes feature articles on 'The impact of China's accession to the World Trade Organisation on Asia', 'Preserving monetary stability in the face of…
HKMA set for reshuffle as top executives leave
The Hong Kong Monetary Authority faces a management reshuffle with two deputy chief executives leaving next month and a third reportedly ready to go in March, officials said Wednesday. In a press release, which confirmed one of those to leave, Joseph Yam…
Hong Kong Monetary Authority Press Release
PRESS RELEASE - Departure of Mr Tony Latter and Mrs Marian Li, 3 December.
Hong Kong Monetary Authority Press Release
PRESS RELEASE - Hong Kong's Latest Foreign Currency Reserve Assets Figures Released, 7 October.
HSBC set to go online in China
CHINA - HSBC on Monday became the second foreign bank after Hong Kong's Bank of East Asia to receive a licence to begin online banking in China.
HK's forex reserve amounts to 100 Billion US $
HONG KONG - The Hong Kong Monetary Authority (HKMA) announced Monday that the official foreign currency reserve assets of Hong Kong amounted to 112.3 billion US dollars at the end of August 2002.
HKMA Press Release
PRESS RELEASE - Hong Kong's Latest Foreign Currency Reserve Assets Figures Released, 9 September. The Hong Kong Monetary Authority (HKMA) announced today (Monday) that the official foreign currency reserve assets of Hong Kong amounted to US$112.3 billion…
HKMA Quarterly Bulletin, August 2002
REPORT - The Hong Kong Monetary Authority has published its Quarterly Bulletin for August 2002. The report contains an article Hong Kong's Currency Board Today: The Unexpected Challenge of Deflation.
Speech by David Carse of the HKMA, 23 Aug
SPEECH - Carse used the speech titled 'Anti-Money Laundering and the Role of Supervision' to highlight some of the issues being addressed during a review of the HKMA's 1997 anti-money laundering guidelines in the light of recent developments.