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.
Panel of Judges
David Li Kwok-po Panel chairman, Bank of East Asia chairman and chief executive
Alfred Chan Wing-kin Managing director, Hong Kong and China GasThursday, 29 September, 2011, 12:00am
'We believe the HK dollar peg will eventually go because of the ongoing appreciation of the Chinese yuan against the US dollar,' said Rupert Watson, the Southampton-based head of asset allocation at Skandia Investment Group. 'It will come around the same time the Chinese currency moves toward full convertibility, somewhere around 2015.'
SCMP, September 2127 Sep 2011 - 12:00am
Banking professionals are in an industry that requires constant upgrades to their skills to meet the demands in the financial market.24 Sep 2011 - 12:00am
The future of Hong Kong's banking industry remains bright if local lenders are willing to collaborate with overseas banks in offshore yuan trading, said Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority.16 Sep 2011 - 12:00am
I sympathise with Bernard Chan ('Service and efficiency get lost in maze of bank rules', August 26) as I have recently experienced similar frustrations as a result of the Securities and Futures Commission's (SFC) bureaucratic response to the Lehman Brothers minibond debacle.6 Sep 2011 - 12:00am
It's almost two years now since the International Monetary Fund warned that a bubble was about to develop in the Hong Kong property market.
'Strong capital inflows and the resultant large liquidity overhang in the financial system could potentially lead to rapid credit growth, fuelling asset markets and creating macroeconomic volatility,' the fund warned back in 2009.2 Sep 2011 - 12:00am
Aware that the overhaul of insurance sector regulations must create a strong, well balanced framework, officials charged with the task have consulted widely with all interested parties.13 Aug 2011 - 12:00am
Hong Kong has no plans to change its currency peg with the US dollar despite Standard & Poor's decision to strip the United States of its top-tier AAA credit rating, the Hong Kong Monetary Authority said yesterday.9 Aug 2011 - 12:00am
Hong Kong faces a dilemma as the prospect of an unprecedented US debt default looms large - it needs to keep buying US dollar assets to maintain its sensitive currency peg, yet at the same time try to protect the value of the city's wealth.29 Jul 2011 - 12:00am
Barely a year after its creation, Hong Kong's yuan exchange market has exploded, brushing aside fears that an offshore market in the currency would not find favour in the city.20 Jul 2011 - 12:00am
Ask most financial analysts about the likely consequences of a US sovereign default - or even just a ratings downgrade - and the chances are that you will get the same answer.
'It's unthinkable,' they will reply, quickly following up with, 'but it's not going to happen anyway.'19 Jul 2011 - 12:00am
Several legislators yesterday called on the government to further revise its plan to reform insurance regulation. They said the Hong Kong Monetary Authority should play no role in regulating the insurance business, even when banks are involved.5 Jul 2011 - 12:00am
Newly approved home loans surged last month on the back of brisk activity in the property market, Hong Kong Monetary Authority data shows.
Bankers, however, predict a reversal from this month onwards as a result of a gloomy economic outlook and recent measures to cool the red-hot property market.28 Jun 2011 - 12:00am
After the sale of a prime site on Borrett Road in Mid-Levels last week, the government immediately launched another round of measures to curb rising property prices. Besides the eight sites that will be put up for sale by private developers in the third quarter to boost land supply, the Monetary Authority has announced measures to tighten residential mortgages.18 Jun 2011 - 12:00am
On Friday, the Hong Kong Monetary Authority (HKMA) tipped its latest bucket of cold water over the city's markets.13 Jun 2011 - 12:00am