Hong Kong Monetary Authority

The Hong Kong Monetary Authority (HKMA) was established in April 1993 by merging the Office of the Exchange Fund with the Office of the Commissioner of Banking. The HKMA is responsible for maintaining monetary and banking stability, including maintaining currency stability within the framework of the Linked Exchange Rate system under which the Hong Kong dollar is pegged to the US dollar.

PROPERTY

Property tightening measures break new ground, say bankers

23 Feb 2013

Bankers said last night that the Hong Kong Monetary Authority's new rules for mortgages would help reduce their lending risks but might not succeed in bringing down property prices. This is the...

5 comments

In Hibor debate, remember you have to pay for good data

12 Feb 2013

We are already very much in line. In characteristic copycat fashion the HKMA started an investigation of the Swiss bank UBS a day after it paid up for alleged Libor (London interbank offered rate...

Loans by Hong Kong banks to mainland firms drop sharply

7 Feb 2013

Total lending to non-bank mainland companies rose 13 per cent in the first nine months of last year over the same period in 2011, less than a third of the 42.9 per cent growth rate seen in 2011,...

Royal Bank of Scotland fined US$612m for rate rigging

6 Feb 2013

More than a dozen traders at RBS offices in London, Singapore and Tokyo manipulated the London interbank offered rate, which is used to price trillions of dollars worth of loans, from at least...

New round of mortgage tightening likely amid fears of property bubble

4 Feb 2013

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.

Opinion

Jake Van Der Kamp

An age-old problem and the sums that just don't add up

Howard Winn

HSBC suffers the Taibbi treatment in Rolling Stone

Shirley Yam

How tycoons' IPO 'losses' may hide profits at herd's expense

Business Digest, January 17, 2013

The European Union will not be drawn into a trade war with China, EU ambassador to Beijing Markus Ederer insisted, a day after trade sources said the European Commission found China illegally...

Exchange Fund looks to yuan, emerging markets

The city's Exchange Fund, which had its second-best investment gain on record in 2012, will invest more in yuan-denominated bonds and shares this year.

Directors beware as regulator seeks to stem misconduct

Isn't corporate governance just legal mumbo-jumbo?

"Corporate governance" can sound remote from reality - consultancy-speak that is designed to confuse and frustrate.

Business Digest, January 8, 2013

CIC eyes Daimler stake, People's Daily reports

JAKE'S VIEW

HKMA prays for deliverance from loose money

If they are not quite down on their knees at the Hong Kong Monetary Authority (HKMA), there is a least a silent prayer emanating from that tall office block with the set of roof claws from the...

BANKING

No system rot to surface from Hibor probe

An investigation into the setting of Hong Kong's interbank interest rates is unlikely to reveal any misconduct that had a major social impact because rates have been low for years, says the Hong...