Hong Kong Monetary Authority

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HKMA takes action against 3 banks over money laundering, counterterrorism rules

The Hong Kong Monetary Authority (HKMA) on Tuesday took disciplinary action against three banks for failing to comply with regulations…

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Hong Kong fights carry trade pressure with US dollar sales to maintain currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market on Tuesday, for the sixth time since late…

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Why can’t Hong Kong retail landlords cut rents for struggling tenants?

In a commercial rental market beset by high vacancy rates, many Hong Kong landlords feel stuck between a rock and…

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China’s state-asset watchdog explores potential role of stablecoins, other digital assets

The State-owned Assets Supervision and Administration Commission (SASAC) in Shanghai said SOEs must “maintain a keen awareness of emerging technologies”…

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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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China expands Bond Connect by allowing more players to join banks in offshore market

China expanded the scope of investors to include more mainland-based financial groups under the eight-year-old Bond Connect programme, taking a…

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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 mortgage loans hit 12-month high of US$3.4 billion as low rates lure refinancers

Hong Kong’s approved mortgage loans surged to a one-year high in May as more homebuyers sought to refinance their existing…

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Breaking | Mainland China, Hong Kong launching Payment Connect scheme to facilitate capital flows

China’s central bank is launching a new connect programme with Hong Kong to facilitate cross-border payments – Beijing’s latest move…

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Hong Kong to study Beijing’s monetary policy, weigh risks before issuing yuan stablecoins

Hong Kong will assess the risks and study Beijing’s monetary policies before launching yuan-pegged stablecoins to bolster the internationalisation of…

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