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Hong Kong

HKMA steps up stability efforts

The Hong Kong Monetary Authority (HKMA) on Tuesday stepped up its efforts to enhance financial stability, issuing a blanket guarantee for customer deposits and offering to re-capitalise its banks.

Asia makes rate cut 'truly global'

China cut rates for the second time in as many months on Wednesday, supporting the joint action by six of the most important central banks to loosen policy. A host of other Asian central banks have also replicated the Federal Reserve-led move.

Asia needs tightening

There may not be a meaningful reduction in inflation rates without policy tightening in Asian economies, finds new research from the Hong Kong Monetary Authority.

Asian inflation may spark investor flight

If inflation continue to rise, a deterioration of investor sentiment about emerging-markets economies cannot be ruled out, said the Exchange Fund advisory committee of the Hong Kong Monetary Authority according to minutes of its June meeting.

HKMA's Yam on Asia's prospects

Asia is a region of rising global importance, particularly in terms of finance, says Joseph Yam, the chief executive of the Hong Kong Monetary Authority.

HKMA's Pang praises BIS's Asian office

Peter Pang, a deputy chief executive at the Hong Kong Monetary Authority (HKMA), has commended the Bank for International Settlements' (BIS) Representative Office in Asia.

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