Rising interest rates in future could spell greater pain for Hongkongers as household debt in the city soars to all-time highs, even as they borrow less to buy homes.
- Thu
- Oct 3, 2013
- Updated: 5:23am
HKMA
The Hong Kong Monetary Authority oversees Hong Kong’s monetary system. It was founded in 1993 when the Office of the Exchange Fund merged with the Office of the Commissioner of Banking. Its responsibilities include maintaining currency stability, monitoring Hong Kong’s banking system and managing the Exchange Fund.
10 Sep 2013
My colleague Tom Holland and I agree on so much that we tweak each other occasionally when we view things differently. I think perhaps he overstates the worry case about the arrival of this thing...
2:47AM
7 Sep 2013
About HK$100 billion had flowed into the banking system since the financial crisis in 2008, Norman Chan Tak-lam, the chief executive of the Monetary Authority, told a financial summit yesterday....
4:53AM
6 Sep 2013
Hong Kong Monetary Authority chief warned on Friday that the city must not “sit on its laurels” if it wants to remain a global financial centre after plans for China’s first free trade zone were...
7:22PM
2 comments
17 Aug 2013
The Hong Kong Monetary Authority is closely monitoring bank liquidity to prepare for a potential massive outflow of hot money, according to deputy chief executive Arthur Yuen Kwok-hang.
5:20AM
10 Aug 2013
After meetings with 20 banks, the Hong Kong Monetary Authority, which was concerned about the rapid loan growth in the first half of this year, now expects credit expansion to slow as bankers say...
4:44AM
Somehow I get the feeling that we are not told the entire story here and that what we really see happening is an HKMA, now the world's chief yuan cheerleader, making a valiant effort to inspire a...
5:19AM
A jump in loans by Hong Kong’s banks has triggered concerns about rising risks to the city’s banking system and prompted the Hong Kong Monetary Authority to enquire about the reasons behind the...
7:42PM
A global blueprint intended to stamp out manipulation of financial benchmarks, expected to be published late this week, risks failure if individual countries persist in pursuing their own regimes...
11:53AM
Monday's edition of the Post quoted the boss of the HKMA, Norman Chan Tak-lam, proclaiming that in May the value of yuan interbank payments cleared through Hong Kong's real-time gross settlement...
4:40AM
Let's look at some specifics here; for instance, that bit about rampant consumer spending, which so concerns Norman Chan Tak-lam, the chief executive of the Hong Kong Monetary Authority.
3:56AM
Only last week my esteemed colleague Jake van der Kamp was complaining that there is altogether too much consensus among the Business Post's columnists. Commentators are not meant to be a...
7:45AM
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23 Sep 2013
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