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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 />
Apple began its online pre-orders for its foldable iPhone Duo on Friday at 8pm. Photo: Getty Images
Scams and swindles

Police urge Apple to fix security after 110 reports of fraud over iPhone Duo

Force says company ignored suggestions on strengthening cybersecurity following similar reports last month, with one case involving HK$229,788.

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Banking & finance

HSBC to double Hong Kong AI team to 300, outpacing Singapore plan

Hong Kong economy

Paul Chan highlights 4 priorities of Apec finance ministers’ meeting this month

Banking & finance

Hong Kong questions HSBC over plan to set up AI centre in Singapore: sources

HKMA raises questions over bank’s decision to establish an AI centre in Singapore despite Hong Kong being its largest market, sources say.

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An HSBC branch in Mong Kok, Hong Kong. Photo: Nora Tam
Banking & finance

HKMA licenses Bakai Bank, city’s first from Central Asia

Bakai Bank, one of Kyrgyzstan’s largest lenders, set up in Hong Kong as China and Central Asia’s trade links are increasing.

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Hong Kong economy

Hong Kong to expand IP financing sandbox after 7 firms secure cheaper loans

Scheme helps businesses secure larger loans at lower interest rates, as banks take companies’ IP valuations into account, HKMA says.

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Banking & finance

HSBC names its stablecoin for 3.3 million PayMe users: RedCoin

A survey by the lender shows that 74 per cent of customers know at least one use case, but there are also misunderstandings.

At launch before the end of the year, the stablecoin will be offered only through PayMe and HSBC’s Hong Kong mobile banking app, according to the lender. Photo: Handout
Gold in Hong Kong

Hong Kong finds gold-trading head in former HKEX executive Bryan Chan

He will head Hong Kong Precious Metals Central Clearing (HKPMCC), a wholly government-owned entity established in January.

Hong Kong property

Buyers snap up new Hong Kong flats ahead of likely interest rate rises

All of the nearly 300 new flats launched by Hong Kong developers over the weekend have already sold, as buyers look to buy before rates increase.

Banking & finance

Hong Kong maps out gold, bond and liquidity push to deepen offshore yuan use

HKEX to launch yuan gold futures as HKMA eyes new products and platforms to expand offshore market activity.

Participating in a panel discussion at Treasury Markets Summit 2026 are, from left, Justin Chan of HSBC, Darryl Ho of HKMA, Gregory Yu of HKEX, Patrick Wu of Credit Agricole and Annie Zhu of Bank of China (Hong Kong). Photo: Elson Li
Banking & finance

Will Hong Kong property market benefit as online financial firms get physical?

Online brokerages and digital banks are opening branches across city after a sharp drop in shop rents in prime locations.

A Futu Securities International branch in Causeway Bay. Photo: Sam Tsang
Banking & finance

Hong Kong regulators to unveil next steps in new offshore yuan push

HKMA, SFC officials expected to outline new measures to deepen yuan usage and cross-border market links following meetings in Beijing.

Mainland China

PBOC pledges further opening-up to foreign financial institutions

PBOC governor Pan Gongsheng vows to promote ‘high-level financial opening-up’ in meeting with foreign banks and investment firms.

Banking & finance

From US Fed rates to China’s global export share: 4 figures shaping markets

The US central bank raised rates for first time since 2023, Hong Kong followed and Goldman Sachs projects a sharp rise in Chinese firms’ global export share.

A screen shows Federal Reserve Board Chairman Kevin Warsh as currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, on Thursday. Photo: AP
Banking & finance

How will Hong Kong’s new 5-year plan court global capital?

Expanded investment products and stronger mainland-market links aim to deepen Hong Kong’s wealth-management edge and lure more international investors.

While much of the world’s gold trading still clears through London, Hong Kong is building a regional alternative. Photo: Dickson Lee
Gold in Hong Kong

Exchange Fund may buy more gold to support Hong Kong’s trading hub ambitions

A larger allocation to precious metals could improve diversification and align with the city’s gold hub strategy, says HKMA’s Eddie Yue.

John Lee policy address 2026

Hong Kong’s 5-year plan, policy continuity offer investor stability, experts say

Explicit directions set by John Lee seen as ensuring persistence in policies even if there are changes in government leadership.

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Central banks

In wake of US rate hikes, Hong Kong dollar may come under pressure: HKMA

HSBC and other major banks keep prime rates unchanged after HKMA raises base rate by a quarter-point in lockstep with Fed.

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The HKMA office at Two International Finance Centre in Central. Photo: Jelly Tse
John Lee policy address 2026

Hong Kong targets gold trading, FPS-UnionPay link to boost yuan use

‘We will consolidate and enhance Hong Kong’s status as an international financial centre,’ John Lee says.

John Lee policy address 2026

14 key takeaways from John Lee’s policy address, Hong Kong’s first 5-year plan

Chief executive lays out how the five-year plan will align the city more closely with the national development blueprint.

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.

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
Crime in Hong Kong

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

Some report multiple transactions on their credit cards, while an expert says fraudsters may have exploited pre-order rush for Apple’s new iPhones.

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The pre-order rush for the new iPhone 18 Pro Max has led to some Hongkongers’ credit cards being used to make unauthorised purchases. Photo: EPA
Banking & finance

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

The new office, located at Cheung Kong Center II in Central, marks the first time the bank has expanded outside the Middle East.

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.

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.

Hongkongers head to work in Central on August 18, 2026. Photo: Jonathan Wong
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.

The transport sector is a key focus of Hong Kong’s newly expanded sustainable finance framework. Photo: Jelly Tse
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.

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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