Hong Kong Monetary Authority (HKMA)
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Hong Kong Monetary Authority (HKMA)

Hong Kong Monetary Authority (HKMA)
Hong Kong Monetary Authority (HKMA)
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.<br />
The expanded yuan liquidity facility underscores Hong Kong’s push as a global offshore yuan hub. Photo: AFP
Banking & finance

OCBC, Bangkok Bank, First Abu Dhabi join US$14 billion offshore yuan scheme

Leading banks from Southeast Asia and the Middle East are taking part in the programme, underscoring the city’s push as an offshore yuan hub.

Banking & finance

Hong Kong bond markets, yuan issuance to expand in 2026 under HKMA, SFC road map

Fintech

Why Hong Kong is emerging as the world’s AI crossroads between East and West

Hong Kong society

Hongkongers urged to quickly sign up for eMPF platform as defence against scams

Cybersecurity experts call on residents to move quickly after HK$1.8 million stolen from three MPF accounts.

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The eMPF platform provides users with a one-stop online portal for managing their pension funds. Photo: Handout
Banking & finance

Exclusive | Old lender, new twist: Shanghai Commercial Bank teams up with HashKey on card

The 75-year-old lender will work with the newly listed digital asset exchange to issue a co-branded Visa card for HashKey traders.

Hong Kong society

Letters | Hong Kong’s ‘coin carts’ are not serving residents who need them most

Readers discuss the city’s coin collection programme, Hongkongers’ response to the Tai Po fire, and why Russia can’t be framed through a Western or Eastern lens.

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Banking & finance

Editorial | Hong Kong must find new growth areas amid uncertain US monetary policy

Divisive US Federal Reserve interest rate cut underscores why the city should not look too much to American interest rate cuts to bolster the economy.

US Federal Reserve chairman Jerome Powell attends a press conference in Washington on December 10 after the US central bank decided to lower the target range for the federal funds interest rate by a quarter of a percentage point. Photo: Xinhua
Blockchain

Coins in sand: how the UAE draws in the global crypto community

At Abu Dhabi Finance Week, insiders give credit to the UAE’s regulatory infrastructure and institutional adoption of digital assets.

Hong Kong economy

More Hong Kong firms upbeat on economic outlook as Trump tariff worries ease

Positive sentiment marks a sharp rebound from last year, when fewer than one in five companies in an annual survey expressed optimism.

Banking & finance

Six major Hong Kong banks keep prime rates unchanged despite HKMA base rate cut

Savings rates near zero limit room for cuts as lenders protect profitability margins, analysts say.

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The Hong Kong skyline and business area are seen from The Peak. Photo: Sam Tsang
United States

US Fed delivers quarter-point rate cut as policymakers weigh inflation outlook

Move falls short of Trump’s demands as debate over Fed independence intensifies and markets brace for global spillover effects.

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US Federal Reserve Chair Jerome Powell is set to step down in May. Photo: Reuters
Hong Kong property

Hong Kong home prices to rise in 2026 due to mainland Chinese buyers, rate cut

‘Housing prices have bottomed out, and the outlook for 2026 is cautiously optimistic,’ JLL Hong Kong chairman Joseph Tsang says.

Banking & finance

Hong Kong financial hub gets gold star for governance, red flag on readiness

Hong Kong has been ranked the world’s No 4 financial hub in a new NYU Abu Dhabi index, but trails rivals on growth and innovation.

China digital currency

Beijing’s crypto warning casts shadow over Hong Kong’s stablecoin ambitions

Hong Kong’s pioneering stablecoin rules have attracted 30 applicants – will Beijing’s latest warning force the city to rethink its ambitions?

The People’s Bank of China has said stablecoins do not meet the mainland’s requirements on customer identification and anti-money laundering. Photo: Shutterstock
Fintech

Does tokenisation in China risk a repeat of the P2P lending crisis?

Tokenisation provides value, but the interest of multilevel marketers raises ‘genuine concerns’, forum speaker says.

Traffic crawls on an elevated highway as buildings are reflected on a glass surface in Beijing’s central business district on November 12, 2025. Photo: Reuters
Hong Kong economy

Opinion | In betting on Saudi Arabia, Hong Kong is really betting on itself

Hong Kong’s future may lie not in choosing between East and West, but in linking Asia with the Middle East and beyond.

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Fintech

Hong Kong reaps the fruits of fintech seeds sown nearly 10 years ago

Hong Kong’s rise as a fintech hub is due to the concerted regulatory push, with the city competing with Singapore for regional leadership.

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Banking & finance

Hong Kong insurers liable for payouts of US$334 million related to Tai Po fire

The Hong Kong Bar Association is providing free legal services to victims and urges them to take immediate action to protect their rights.

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A fire at Wang Fuk Court in Tai Po has claimed 55 lives, while some 280 people are still missing. Photo: Eugene Lee
Hong Kong property

Momentum builds: ‘bigger’ Hong Kong property rebound forecast for 2026

Resurgent stock market helps steer secondary home prices to 14-month high as rent index maintains historical peak.

Hong Kong property

‘Out of ICU’: Hong Kong’s quarterly real estate deals triple to US$4.9 billion

Hong Kong was the second-best performing commercial real estate market in Asia-Pacific after Malaysia in the three months to September: MSCI.

Currencies

Hong Kong pushes local currency use to shield Asia from global uncertainties

HKMA’s Eddie Yue calls for deeper regional financial integration amid tariff shocks, disrupted supply chains and market volatility.

Eddie Yue stresses the need to strengthen regional financial ties at the Asean+3 Economic Cooperation and Financial Stability Forum in Hong Kong on Tuesday. Photo: Handout
Fintech

Hong Kong’s tokenisation drive set to boost treasury centres, investments

Tokenisation could increase the efficiency of corporate treasury centres, which help clients manage global finances, market players say.

Hong Kong is set to attract more companies to set up treasury centres in the city, as it pushes to establish a tokenised financial system. Photo: May Tse
Banking & finance

Hong Kong, Saudi Arabia set to launch US$1 billion fund, Paul Chan says

A ‘major Saudi development company’ will host a roadshow in Hong Kong next month to seek strategic partners, financial secretary says.

Hong Kong economy

Editorial | HKMA deserves praise for fund’s performance amid global tensions

Hong Kong’s resurgence as an IPO destination has helped the city’s de facto central bank achieve record returns, boosting fiscal reserves.

Blockchain

Ant International, UBS partner on blockchain-based cross-border payments

The strategic partnership aligns with financial institutions’ increased adoption of blockchain technology for cross-border payment solutions.

Ant International and UBS seek to explore innovations in blockchain-based tokenised deposits. Photo: Handout
Banking & finance

Editorial | Hong Kong breaks new fintech ground with tokenised green bond

Hong Kong is positioning itself to connect conventional finance with fintech while developing into a global hub for sustainable financing.

People take in the view of Hong Kong’s skyline from K11 Musea in Tsim Sha Tsui on February 10. Photo: Eugene Lee
Hong Kong property

Hong Kong sees lacklustre weekend property sales at Tuen Mun development

The Reserve at Gold Coast Bay sells only 14 flats of the 152 units on offer as of 6.30pm.

Banking & finance

Hong Kong renews contract for top market regulator Julia Leung

The CEO of the Securities and Futures Commission will stay on for at least two more years to see through a series of ongoing reforms.

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