HKMA

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HKMA keeps base rate steady in lockstep with Fed’s defiance of Trump’s push amid trade war

The HKMA maintained the base rate at 4.75 per cent on Thursday after the Fed left its target in a…

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Explainer | What’s in store for homebuyers as HKMA intervenes in currency market

The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market over the past week to rein in the…

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Hong Kong to introduce 3 digital security measures to combat financial fraud

The Hong Kong Monetary Authority (HKMA) will announce on Monday new measures to be implemented by banks to safeguard the…

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Hong Kong fights back against rising scams with ‘despicable banana’

The Hong Kong Monetary Authority (HKMA) has teamed up with banks and the police to launch a new public awareness…

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HSBC, Standard Chartered may post bumper 2024 profits this week, helped by wealth demand

HSBC and Standard Chartered Bank are expected to post bumper profits this week when they kick off the reporting season…

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China issues US$8.2 billion in bills in Hong Kong to stabilise yuan amid trade tensions

The People’s Bank of China (PBOC) said it would tender central bank bills totalling 60 billion yuan (US$8.2 billion) in…

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HKMA plans to launch US$13.7 billion facility to support yuan-settled international trade

The Hong Kong Monetary Authority (HKMA) said it would launch a 100 billion yuan (US$13.7 billion) funding facility at the…

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Hong Kong’s December mortgages shrink 21.1% as high rates drive homebuyers to sidelines

Hong Kong’s mortgage applications fell by more than a fifth in December, according to the city’s de facto central bank,…

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Hong Kong’s SFC fines Hang Seng Bank US$8.5 million for misconduct

Hong Kong’s markets watchdog has fined Hang Seng Bank HK$66.4 million (US$8.5 million) for regulatory failures and overcharging clients. The…

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Mainland Chinese buyers to continue driving Hong Kong housing demand in 2025, analysts say

Homebuyers from mainland China will continue to be a driving force in Hong Kong’s residential property market in 2025, after…

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