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.
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.Tuesday, 9 April, 2013, 4:24am
Banks may face a higher capital requirement as the city's de facto central bank will step up its review of their capital adequacy levels. Starting with their mortgage portfolios, the Hong Kong Monetary Authority would look at the robustness of the banks' entire loan portfolios, deputy chief executive Arthur Yuen Kwok-hang said.20 Mar 2013 - 5:23am
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 sixth round of measures taken by the HKMA to rein in housing prices since 2009, but the steps announced yesterday by its chief executive, Norman Chan Tak-lam, are the first to focus on mortgages for non-residential property.23 Feb 2013 - 5:50am 5 comments
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) infringements. Hibor rhymes with Libor. How much more guilt do you need?12 Feb 2013 - 5:08am
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, the Hong Kong Monetary Authority said.7 Feb 2013 - 5:16am
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 2006 until 2010.7 Feb 2013 - 5:17am
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.5 Feb 2013 - 4:54am 1 comment
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 subsidises its steel producers.17 Jan 2013 - 4:19am
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.15 Jan 2013 - 5:42am
Isn't corporate governance just legal mumbo-jumbo?
"Corporate governance" can sound remote from reality - consultancy-speak that is designed to confuse and frustrate.9 Jan 2013 - 4:08am