Monetary Authority

Consumers get new option to pay without cash

In addition to tapping their Octopus cards on a reader, consumers will soon have other cashless payment methods like the e-wallet, the Monetary Authority said yesterday.

Thursday, 28 March, 2013, 4:50am

Registered bank loans for finished flats drop after policy moves

Registered bank loans for finished flats drop after policy moves

The government's tightening of housing policy is starting to take a toll on the mortgage loan market, with the number of mortgage registrations for finished homes at local banks dropping 1.5 per cent in September from August, according to mReferral Mortgage Brokerage Services.

4 Oct 2012 - 3:26am

How to complain and get results

Few things in life are more frustrating than the feeling of being fleeced by a financial services company.

Whether you think you have been mis-sold a financial product, or are not happy with an insurance settlement, the complaints process can be long and bureaucratic, and consumers can easily feel the odds are stacked against them.

2 Jul 2012 - 12:00am

Bursting the bubble

The aims of the new measures on flat sales

New and recent measures governing sales

Aims: Increasing transparency

Measures:

1 REDA guidelines should apply to both completed and uncompleted flats

2 Units should be open for viewing at completed projects

22 Apr 2010 - 12:00am

In Brief

Voting rule changes gazetted

20 Jun 2009 - 12:00am

Banks may argue against proposed splitting of staff duties

Hong Kong banks could propose that the same staff continue to assess the risk profiles of customers and sell investment products if proper safeguards are in place, a source says. Last month the banking regulator said such duties should be carried out by different staff.

12 Feb 2009 - 12:00am

65m plastic notes available today

A total of 65 million plastic HK$10 banknotes will be available to the public from today for lai see packets this Lunar New Year.

'For the new banknotes issued this year, 50 million of them are newly printed, whilst the other 15 million are inventory we printed last year,' the Monetary Authority said.

14 Jan 2009 - 12:00am

Going nowhere

Back in 2000, the Legislative Council called for a review of the administration's extensive network of advisory committees. The review was duly launched, but any subsequent progress towards reform - if that was ever the intention - seems to have been modest at best.

28 Jul 2008 - 12:00am

Chameleon Joe, developers should tell us the truth

'... Monetary Authority chief executive Joseph Yam Chi-kwong expressed concern to the Legislative Council that the city might not be able to withstand a meltdown in the mainland market and that the city's banks and securities firms should strengthen risk-control systems.'

SCMP, June 5

6 Jun 2007 - 12:00am

Monetary Authority under fire

Lawmakers say they are kept in dark on budget

Lawmakers have accused the Hong Kong Monetary Authority of keeping them in the dark over its annual budget estimates.

Legco members said this was a breach of the Basic Law, which empowers the Legislative Council to monitor public spending.

14 Mar 2006 - 12:00am

$68b foreign funds spent

The Government spent up to US$8.8 billion (HK$68 billion), or nine per cent, of its foreign reserves on last month's market intervention. The Monetary Authority announced yesterday that foreign reserves were $92.1 billion at the end of August, compared with $96.5 billion at the end of July - a drop of $4.4 billion. If unsettled contracts are included, it rises to $8.4 billion.

22 Sep 1998 - 12:00am

Maintaining peg seen as smart move, but now signs of jitters appear

In retrospective, the decision by the Chinese and the British governments to leave the peg intact to prepare for any potential uncertainties during the handover has proved a smart move given what has been happening in the past 12 months.

1 Jul 1998 - 12:00am

Airport body in HKMA-led $500m issue

The Airport Authority today will launch its first $500 million note issue under a $5 billion note issuance programme sponsored by the Hong Kong Monetary Authority.

The issue will be tendered through the monetary authority's extended network of eligible market makers or recognised dealers in the Exchange Fund Bills issuance programme launched in 1991.

15 May 1998 - 12:00am

Handover coins due

Loose change will jangle to the tune of transition next year as all coins are given new designs to mark the change of sovereignty.

The seven new coins, identical in shape, colour and weight to those in circulation, will be introduced by the Monetary Authority before June 30 next year. It has not been decided whether there will be one new design or seven.

27 Jun 1996 - 12:00am

Tougher disclosure rules for HK banks

HONG KONG'S banks and deposit-taking companies will now have to disclose the level of their inner reserves when they open their books to the public, beginning December 31.

Last night the Stock Exchange of Hong Kong announced a set of amendments to the Exchange Listing Rules concerning financial reporting.

22 Dec 1995 - 12:00am

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