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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 />
In 2025, the Middle East was Hong Kong’s 10th largest trading partner, with bilateral trade in goods of HK$192.8 billion, making it a significant stand in the various t rade networks that make up the Belt and Road Initiative. Photo: Karim Sahib, AFP
Belt and Road 2026

Ancient Silk Road to modern Belt and Road: how Hong Kong bridges China and the Middle East

As the Middle East seeks economic diversification, Hong Kong acts as the financial gateway for investment.

Crime in Hong Kong

Over 700 cardholders report unauthorised iPhone pre-order charges worth HK$14.7m

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Banking & finance

Oman’s Sohar International to open first Asia office in Hong Kong: sources

Banking & finance

Yuan use grows as supply chains reshape global trade, Deutsche Bank says

Europe’s first foreign RMB clearer says Chinese firms’ overseas expansion is strengthening the currency’s role in cross-border commerce.

Growing cross-border trade and more flexible supply chains are driving wider use of the yuan, even as the US dollar retains its dominant role in global payments. Photo: dpa
Banking & finance

Record US$1.3 trillion pours into Hong Kong investment products

Record investor numbers drive 63 per cent surge in sales of non-traded products, led by collective investment schemes, FICC offerings.

Business of climate change

Green lift: Hong Kong widens finance taxonomy to spur transition capital

As Green Week kicks off, the HKMA expands its finance taxonomy to channel capital into projects that build climate resilience.

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International Property

Which property markets will be the winners and losers if Fed raises US rates?

Fed chairman’s focus on inflation at meeting last month has heightened expectations of monetary tightening.

Real estate agents’ signs at a sold home and homes for sale in London last month. Photo: EPA
Hong Kong society

Why Chelsea football shirts are making Hong Kong fans nervous about crypto laws

Caught between their favourite football club and Hong Kong’s Stablecoins Ordinance, fans want to know if they can wear the tops openly.

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Banking & finance

Hong Kong’s Silver Bonds draw record 480,000 bids with higher interest rate

Hong Kong is expected to raise the final issuance to the upper limit of HK$55 billion, as applications from elderly investors have surged.

Hong Kong property

Rate rise expectations mount in Hong Kong following Fed chief’s comments

But property consultancy Knight Frank says likelihood of near-term rise in prime rate by city’s note-issuing banks remains low.

Blocks of high-rise flats in Mid-Levels. Photo: Jonathan Wong
Banking & finance

Hong Kong expands AI sandbox with new projects spanning dozens of partners

Regulators select 36 use cases involving dozens of financial institutions and tech partners to test AI use in onboarding, payments, claims and customer service.

Hong Kong regulators are exploring the use of more autonomous AI agents across some services. Photo: Shutterstock
Yuan

Open Questions | Top economist on how China should prep for dollar era’s end

Barry Eichengreen of the University of California, Berkeley, on US wobbles and how China and rest of the world can plan for a multipolar monetary system.

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Banking & finance

Use of yuan hits 6-month high in Hong Kong’s fast-payment system

Yuan-denominated payments rise 34 per cent, with Payment Connect mechanism acting as catalyst for multiplying cross-border use cases.

Hong Kong economy

Impact of US trade policy shifts on Hong Kong ‘primarily psychological’: Paul Chan

Finance chief cites US trade and interest rate trends as risks for city’s economy for rest of 2026, but expects growth momentum to continue.

Kwai Chung Container Terminal. The US is Hong Kong’s fourth largest export market. Photo: Elson Li
Bonds

Hong Kong to list first Shanghai free-trade zone bond to defend yuan hub status

HKEX announces that a Shanghai Electric subsidiary is set to list a 1.5 billion yuan green bond later this month.

A view of the Hong Kong skyline. Photo: Getty Images
Fintech

Letters | Hong Kong mustn’t fall behind in recognising overseas stablecoins

Readers discuss a recognition framework for dollar-denominated stablecoins, and the significance of Beijing’s offshore insurance tax for Hong Kong.

Banking & finance

Hong Kong stablecoin list expands with Standard Chartered-led firm’s launch

Anchorpoint Financial kicks off institutional use of its Hong Kong dollar-linked stablecoin, HKDAP.

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Banking & finance

Everything you need to know about Hong Kong’s US dollar peg

As global investors shift away from US dollar assets, Hong Kong is tied to the US dollar to maintain a stable exchange rate.

The Hong Kong Monetary Authority logo at Two IFC. Photo: Jonathan Wong
Banking & finance

Hong Kong’s US dollar peg faces fresh calls for review – but is change feasible?

Economists and financial analysts warn abandoning the anchor would pose risks that far outweigh potential rewards.

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Banking & finance

Editorial | Hong Kong banks can no longer ignore the quantum threat

HKMA survey is a wake-up call for the city’s financial sector to embrace cryptographic agility before it’s too late.

IPO

AI stock rout fells Innolight after mega Hong Kong IPO

Nvidia supplier Innolight declines on its Hong Kong trading debut as once AI-hungry investors turn increasingly nervous about sector’s huge spending plans.

The listing ceremony for Zhongji Innolight. Photo: Jonathan Wong
Banking & finance

HKMA warns of interest-rate risk as traders bet on September rate rise

HSBC, Standard Chartered, Bank of China (Hong Kong) keep their prime and savings rates unchanged, mirroring HKMA’s decision to hold steady.

The Hong Kong Monetary Authority at the International Financial Centre Building in Central, Hong Kong. Photo: Shutterstock
Banking & finance

Hong Kong expands CMU’s global reach with Swiss, Spanish securities link

The HKMA connects its securities settlement platform with Switzerland’s SIX exchange, while also launching equity post-trade services.

Banking & finance

Hong Kong’s Exchange Fund earnings fall 37% on equity slump, softer bond income

HKMA warns of second‑half risks from potential AI asset corrections and uncertainty over the US rate path.

Banking & finance

Hong Kong banks just starting to prepare for quantum threats: HKMA

Banking sector scores 2.3 out of 10 on new readiness index as regulator targets full preparedness by 2030.

The office of the Hong Kong Monetary Authority is seen at Two International Finance Centre in Central. Photo: Jelly Tse
Hong Kong property

Hong Kong homebuyers snap up 138 Garden Regency flats in New Territories

Top developer clears all units in weekend launch after offering a maximum 16 per cent discount.

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Potential buyers and estate agents line up at the sales office of SHKP’s Garden Regency at the International Commerce Centre. Photo: SCMP/Edmond So
Blockchain

Hong Kong steps up its crypto hub challenge with tokenised fund

As the city looks to challenge the US as a global crypto hub, Baillie Gifford says the SFC has approved its blockchain-based tokenised fund.

Yuan

Opinion | Markets, not politics, will make China’s yuan a global currency

Until authorities can reduce costs and allay the market’s concerns, yuan internationalisation will be stronger on paper than balance sheets.

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