HKMA

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HKMA intervenes in the market for the fifth time in 2 weeks to defend currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign-exchange market on Friday for the fifth time in two weeks,…

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Hong Kong stocks rise on mainland fund purchases, Beijing growth pledge

Hong Kong stocks rose from a one-week low as mainland funds ploughed more money into the city’s assets on optimism…

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Hong Kong passes stablecoin law, clearing way for licensed issuers to sell to public

Hong Kong lawmakers passed a law on Wednesday that establishes a regulatory regime for stablecoins, paving the way for issuers…

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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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