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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 />
It is important to streamline documentation and data exchange with mainland China and Asean, says Howard Lee. Photo: Edmond So
Banking & finance

HKMA unveils 20-point road map to modernise Hong Kong’s trade finance ecosystem

Project CargoX aims to digitalise Hong Kong’s trade finance, expand SME lending and strengthen connectivity with mainland China and Asean.

Hong Kong economy

Hong Kong government’s cargo-tracking digital platform launched with 2,300 firms

Banking & finance

Letters | 5 years on, digital banks are taking root in Hong Kong

Banking & finance

Exclusive | HKMA teams up with SFC, Insurance Authority to promote fintech over next 5 years

The HKMA is expanding the city’s generative AI sandbox to include other industries, chief executive Eddie Yue Wai-man says.

Hong Kong Monetary Authority chief executive Eddie Yue Wai-man. Photo: SCMP
Fintech

Digital finance in 2026: what to expect as pilots move into real-world adoption

While digital money experiments promise greater efficiency, they also risk deeper fragmentation and regulatory pitfalls, experts warn.

Hong Kong economy

Editorial | Hong Kong’s anti-scam service a prudent way to make banking more secure

Law enforcement and banks must work together to keep Hongkongers’ money safe and their transactions secure.

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Hong Kong

Hong Kong mortgage recovery holds in 2025 despite end-of-year wobble

Hong Kong mortgage applications and approvals fell in November, but year-to-date volumes still point to a 2025 recovery.

Softer month-on-month mortgage figures highlighted an uneven recovery, with buyers and banks remaining cautious amid a prolonged property downturn. Photo: Sam Tsang
Interest rates

Hong Kong interbank rates forecast to drop on expected 2026 US monetary easing

Savings rates near zero prevent further prime rate reductions, though Hibor-linked loans will get cheaper, analysts say.

Hong Kong economy

All Hong Kong retail banks to offer anti-scam service, locking cash in accounts

‘Money Safe’ users will have to meet a bank employee to undergo verification process to ensure their funds are not going to scammers.

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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.

The expanded yuan liquidity facility underscores Hong Kong’s push as a global offshore yuan hub. Photo: AFP
Banking & finance

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

HKMA and SFC blueprint to drive multicurrency issuance, with green finance and Bond Connect widening investor base.

The Hong Kong Monetary Authority logo at its IFC Two headquarters. Photo: Jonathan Wong
Fintech

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

Hong Kong’s AI sector comprises 500 organisations, 290 companies and 183 investors active in finance, healthcare and government services.

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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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.

Shanghai Commercial Bank CEO Wallace Lam. Photo: Jonathan Wong
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.

Hong Kong Monetary Authority staff collect coins from residents in Lam Tin in 2024. Photo: Edmond So
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.

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.

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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.

Hong Kong recently revised its economic growth forecast upwards. Photo: Elson Li
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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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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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.

Homebuying sentiment is expected to rise in 2026. Photo: Dickson Lee
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.

The inaugural Financial Centres Competitiveness Index (FFCI), unveiled at Abu Dhabi Finance Week, ranked Hong Kong fourth overall, behind New York, London and Singapore. Photo: Coco Feng
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?

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.

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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Hong Kong Financial Secretary Paul Chan Mo-po (left) visits the New Murabba Development Company under the Public Investment Fund of Saudi Arabia with Murabba CEO Michael Dyke, in Riyadh, Saudi Arabia, on October 30. Photo: Handout
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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Illustration by Henry Wong
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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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.

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