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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 />
The Securities and Futures Commission (SFC) chairman Kelvin Wong Tin-yau. The increased scrutiny is part of Beijing’s efforts to strengthen oversight of capital flows. Photo: Sun Yeung
Banking & finance

Hong Kong regulators vow strict compliance as Beijing tightens capital controls

Regulators stress that Hong Kong’s role as an international financial centre must support China’s broader financial development objectives.

Hong Kong

Hong Kong, Indonesia move towards direct transactions in yuan, rupiah

Banking & finance

Tencent, Swire boost Hong Kong debt market with US$5.2b multi-currency deals

Banking & finance

Hong Kong rolls out incentives to boost role as a corporate treasury hub

Plan expands tax concessions and introduces pre-approval mechanism to lure multinationals to manage capital and risk in the city.

Hong Kong is also pursuing more double-taxation agreements with major trading partners to prevent overseas companies using Hong Kong as a treasury base from being taxed twice. Photo: Karma Lo
Banking & finance

Mainlanders can still open bank accounts in Hong Kong despite new rules: HKMA

Some mainlanders have reported having applications to open Hong Kong accounts rejected amid China’s tightening cross-border investment controls.

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Banking & finance

Hong Kong taps group of experts to help rewrite rules for tokenised bonds

HKMA sets up the collective, spanning 21 institutions, in push to expand blockchain-based issuance beyond government pilots.

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Britain

Mainland investors face uncertainty amid regulatory crackdown

Tighter overseas investment rules are leading some investors to shift to mainland-approved channels as Hong Kong brokers restrict access.

Online brokerage Tiger Brokers announced on Tuesday that it would restrict account and trading access for mainland investors amid tightening scrutiny of cross-border capital flows. Photo: Handout
Banking & finance

Hong Kong banks tighten rules in mainland China as Beijing pores over outflows

Some banks are exercising more caution with offshore accounts for their mainland China clients amid tighter investment controls from Beijing.

Banking & finance

Hong Kong’s venture fund eyes bigger bankroll after double-digit return

Financial secretary says investment arm will also take lead on new offshore yuan-denominated venture capital fund.

Stablecoins

Letters | Mind the gap between Hong Kong digital asset policy and practice

Readers discuss digital asset audits, the danger of setting a ride-hailing cap, and the bigger picture on allowing dogs in restaurants.

Sam Bankman-Fried, founder of collapsed cryptocurrency exchange FTX, leaves Manhattan federal court in New York in 2023. Photo: AP
Hong Kong’s Tai Po fire tragedy

Hong Kong banks replace burnt cash from residents of fire-ravaged Wang Fuk Court

Monetary Authority introduced measures last December allowing three note-issuing banks to provide one-stop exchange service for damaged money.

Wang Fuk Court residents return to their flats earlier this month. Photo: Eugene Lee
Hong Kong property

Hong Kong home sales surge to 2-year high, boosting overall transactions

A total of 8,692 transactions in all sectors were concluded last month, up 12.3 per cent from March’s 7,737 deals.

Middle East

Hong Kong Exchange Fund records smallest gain in 5 quarters amid market slump

The war chest used to defend the city’s currency takes a hit as conflicts in Middle East prompt investors to move from stocks to safer assets.

Hong Kong budget 2026-27

Opinion | Paul Chan should welcome lawmakers’ budget scrutiny, not dismiss it

Far from being ‘alarmist’, legislators are right to raise concerns about the administration’s fiscal plans and their impact on the city’s future.

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Financial Secretary Paul Chan leaves the chamber in the Legco Building after delivering his 2026-27 budget address on February 25. Photo: Sam Tsang
Interest rates

HKMA warns of interest-rate uncertainty as Fed’s trajectory remains unclear

HSBC, Standard Chartered and Bank of China (Hong Kong) keep their prime and savings rates unchanged.

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The Hong Kong Monetary Authority maintained the city’s base rate at 4 per cent on Thursday. Photo: Jonathan Wong
Hong Kong economy

Hong Kong throws SMEs lifeline with raft of measures, HK$450 billion in loans

Measures aim to improve access to financing, strengthen resilience, and accelerate transformation amid challenges linked to Middle East war.

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People’s Bank of China (PBOC)

Hong Kong, mainland China officials meet to bolster cross-border connect schemes

HKMA’s Eddie Yue, State Administration of Foreign Exchange’s Zhu Hexin discuss ways to strengthen city’s role as a global financial hub.

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Hong Kong property

Hong Kong developers clear stock amid strong demand and shrinking supply

Nearly 300 flats released as strong demand meets falling supply, with completions set to decline over the next two years.

Pavilia Farm III – Hong Kong’s residential sales hit a four-year high in 2025 with 62,832 units changing hands. Photo: Handout
Hong Kong economy

Opinion | Hong Kong’s stablecoin roll-out puts banks at the centre of digital money

Hong Kong is building a bank-led digital money system, not a cryptocurrency free-for-all.

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Banking & finance

HKMA and HKAB launch task force for Hong Kong’s Northern Metropolis financing

The task force will provide professional advice on financing and banking services for the development of the megaproject.

Hong Kong property

Hong Kong homebuyers extend sell-out streak amid renewed confidence in market

Sentiment is likely to stay firm, agents say, citing steady demand across new launches and a rebound that lifted prices to a 22-month high.

Prospective buyers queue at the sales office for Pavilia Farm III flats. Photo: Jelly Tse
China digital currency

Hong Kong seen leading Asia in push to scale stablecoins, HSBC says

Interoperability and real-world applications seen as key hurdles as city looks to unlock tokenisation’s full potential.

As part of its push to establish itself as a global cryptocurrency hub, Hong Kong has developed a comprehensive regulatory framework for digital assets. Photo: Jelly Tse
Fintech

How PayMe’s 3.3 million users and Hong Kong firms could start using stablecoins

HSBC eyes retail stablecoin roll-out via PayMe in second half of 2026, as Standard Chartered-led joint venture focuses on institutions first.

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Hong Kong economy

Hong Kong balancing security and innovation as nation’s ‘firewall’: Paul Chan

Finance chief says security is key to China’s high-quality growth as geopolitical tensions create risks to energy supplies and financial markets.

Banking & finance

Calls grow for HKMA to go further on stablecoins after conservative first batch

Analysts and investors say the HKMA’s cautious approach prioritises risk control, but limits Hong Kong’s digital asset ambitions.

Analysts say the HKMA has prioritised risk management , even as it seeks to promote financial innovation through stablecoins. Photo: Jonathan Wong
Fintech

HSBC, StanChart-led group among first to get stablecoin licences in Hong Kong

HSBC will launch its Hong Kong dollar stablecoin in the second half of this year, integrating it into its PayMe and mobile banking platforms.

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The awarding of stablecoin issuer licences marks the city’s latest step towards embracing cryptocurrency’s most-traded cash substitute. Photo: Reuters
Hong Kong economy

Hong Kong seeks to raise bond issuance ceiling to HK$900 billion

Government proposes to raise borrowing ceiling from HK$700 billion to HK$900 billion to fund infrastructure development.

Hong Kong property

Hong Kong developers test homebuyers with price increases after sell-outs

‘This is a classic recovery-phase strategy: testing price elasticity without undermining the building momentum,’ an analyst says.

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