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.

Jake van der Kamp versus Tom Holland: who is right on Hong Kong consumer debt risk?

7 May 2013

In Tuesday’s Business section, the Monitor column on the back page decided to pick a fight with the front page’s Jake’s View.

10:33AM

15 comments

HKMA chief's household debt fears overblown

7 May 2013

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

5 comments

Why the HKMA should fret over consumer debt

7 May 2013

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

7 comments

Economy at risk of overheating warns HKMA chief

4 May 2013

Soaring household debt and rampant consumer spending have put Hong Kong's economy at risk of overheating, the city's central bank boss said yesterday.

4:52AM

Monetary authority chief's salary tops HK$9.4m

27 Apr 2013

While Norman Chan Tak-lam's basic salary remained at HK$6 million, the raise mainly came in the form of a 20 per cent increase in variable pay, an amount that depends on individual performance and...

5:42AM

HKMA reveals new measures to boost drive for yuan business

26 Apr 2013

HKMA chief Norman Chan Tak-lam said the move would "deepen and enhance" Hong Kong's role as a clearing and trading centre for the yuan. While the currency is not fully convertible, Beijing has...

4:19AM

Opinion

Attempts to diversify China's reserves have been a disaster

4:45AM

Howard Winn

China is like the EU; provinces are its member states

5:26AM

HKMA doubles the guard against money laundering

The Hong Kong Monetary Authority will double its money-laundering investigative team to check for any failure by banks in their control systems to prevent illicit cash flows.

5:34AM

HKMA staff to get 4.5pc pay increase

The Hong Kong Monetary Authority will give its staff a pay rise of 4.5 per cent this year - slightly more than the market average but less than that at the Securities and Futures Commission.

4:24AM

New step may not help banks but it does hurt homebuyers

Wednesday's move by HSBC and Standard Chartered to raise the interest rates they charge on new mortgages was no surprise.

4:37AM

5 comments

BANKING

Rise in mortgage rates on the horizon

HSBC and Standard Chartered, among the top five banks by their share of the mortgage market in the city, said they needed to reprice these loans because the business had become costlier.

5:26AM

PROPERTY

Blackstone seeks capital for Asia real estate fund

Blackstone, one of the world's largest investment houses, is pitching to large institutional investors in Hong Kong and mainland China to help it launch a new real estate fund for Asia, where...

1:52AM

FINANCE

New round of mortgage tightening likely amid fears of property bubble

The Hong Kong Monetary Authority is poised to launch its sixth round of mortgage tightening measures since 2009 and has given its strongest warning yet of a bubble in the property market.

4:54AM