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

Fintech

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

Banking & finance

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

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.

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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.

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.

The Exchange Fund’s earnings stood at HK$134.7 billion, down from the record half-year return of HK$214 billion in 2025, on Hong Kong equity losses. Photo: Edmond So
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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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.

Bundles of 100 yuan notes at a bank in Shanghai. China’s latest five-year plan includes having Hong Kong play an increased role as an offshore yuan hub. Photo: AFP
Banking & finance

How the RMB Business Facility will help consolidate Hong Kong’s financial role

Quota expanded to 500 billion yuan from Friday, with tenor increased to two to three years, up from one.

Chinese 100-yuan notes at a Bank of China branch in Hong Kong. Photo: Reuters
Good Schools Guide

Hong Kong’s Gen Alpha is learning about managing money

Financial literacy is being shaped at home, in classrooms and through gamified tools in a bid to help children make smarter money choices.

Banking & finance

China further boosts Hong Kong’s role as offshore yuan hub

Central bank chief Pan Gongsheng unveiled new steps to grow the yuan market in Hong Kong, underscoring the city’s role in boosting global use of China’s currency.

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Banking & finance

Beyond a bridge: Hong Kong digs in to shore up fragile ‘moat’, anchor growth

Officials deploy multipronged strategy – from tax incentives to new gold clearing system – to recalibrate city’s global standing amid shifting capital flows, regulatory changes.

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Illustration: Henry Wong
Banking & finance

China extends gold-buying binge to 20th month in Beijing’s de-dollarisation push

PBOC’s bullion holdings keep rising as forex reserves dip in June to US$3.42 trillion and the central bank seeks security from sanctions and US market volatility.

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Banking & finance

Hong Kong yuan facility to expand 150% to US$73.6b to meet international demand

The city will also vet a license application for a new electronic fixed income and currency trading system.

Banking & finance

Beijing unveils policy enhancements to give ‘vitality’ to Hong Kong markets

The governor of China’s central bank says Beijing is set to increase capital allocation to the city to 800 billion yuan under the Bond Connect scheme.

Pan Gongsheng, governor of the People’s Bank of China gives a keynote speech at Hong Kong FIC & Bond Connect Summit in Admiralty. Photo: Sun Yueng
Gold in Hong Kong

Hong Kong inaugurates trial operation of gold clearing and settlement system

Chief Executive John Lee announces ‘milestone’ for city’s gold trading ecosystem at Hong Kong FIC & Bond Connect Summit.

Gold bars and coins at a precious metals dealership. Photo: DPA
Hong Kong economy

Hong Kong must brace for AI bubble risk and quantum computer threat: HKMA chief

Eddie Yue urges city’s banks to safeguard against stock market correction coinciding with geopolitical events triggering inflation anxieties.

Banking & finance

Hong Kong broadens yuan’s financial footprint as currency gains global appeal

Hong Kong Monetary Authority widens scope of yuan finance to solidify status as ‘offshore laboratory’ for currency amid de-dollarisiation trend.

Banking & finance

Looking East: Europe’s banks look to Hong Kong amid global uncertainty

European banks, facing rising costs and energy instability, are turning to Hong Kong for funding, with Hungary’s OTP Bank leading the shift.

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Hungary’s biggest lender, OTP Bank, has given a vote of confidence to Hong Kong as European banks seek alternative options amid geopolitical tension, rising financing costs and increasingly unstable global energy supplies. Photo: Handout
Wealth Report

The government’s 2026-27 Budget pushes HKEX expansion in cross-border trading

Financial Secretary Paul Chan Mo-po’s measures include the Hong Kong Monetary Authority and CMU OmniClear studying updates to financial infrastructure across various asset classes.

Hong Kong Exchanges and Clearing Limited in Exchange Square, Central. The stock exchange has ongoing plans to further facilitate connectivity between the mainland Chinese and Hong Kong markets. Photo: Jelly Tse
C-Suite Content Hub

Rewriting the Intelligence Map

Votee AI, led by CEO Pak-Sun Ting, combats the “AI data desert” by building sovereign, enterprise-grade architecture for underrepresented languages. Starting with a native Cantonese model, the company prioritises rigorous compliance and cultural preservation to empower underserved global communities.

By
SCMP C-Suite
Banking & finance

Can Shanghai’s offshore finance push test Hong Kong’s dominance?

Beijing is accelerating Shanghai’s offshore finance ambitions, raising questions over whether Hong Kong’s long-held edge can endure.

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