Hong Kong

B-shares and China's monetary and banking systems

The removal of restrictions on the holding of B-shares should have a generally positive effect on the development of Mainland China's monetary and banking systems, says Joseph Yam, chief executive of the Hong Kong Monetary Authority, in his weekly…

Financial Markets on the Mainland-HKMA Joseph Yam

Joseph Yam, chief executive of the Hong Kong Monetary Authority, in his weekly viewpoint column published on the HKMA website, says that financial markets in emerging markets need careful sequencing in reforms. Recent developments suggest that the…

Why is domestic lending in Hong Kong sluggish-HKMA

Why does domestic lending continue to be so sluggish in Hong Kong when the economy is making such a vigorous recovery, asks Joseph Yam, chief executive of the Hong Kong Monetary Authority, in his weekly "Viewpoint" column published on the HKMA website.

Grey Areas in Central Banking- HKMA's Joseph Yam

How far should the HKMA involve itself in two grey areas that are receiving an increasing amount of public attention: consumer protection in the banking industry, and the development of retail payment systems? Joseph Yam, chief executive of the Hong Kong…

BIS urges vigilance on asset bubbles

It's time for central bankers to get tough on bubbles, according to a top official at the Bank for International Settlements. Overly high stock and property prices should prompt central bankers to take interest rate action in the same way rising wage…

HKMA Background Brief No.1: HK Linked ER System

Since 1983 the Hong Kong dollar has been linked to the US dollar at the rate of HK$7.8 to one US dollar. The link is maintained through the operation of a strict and robust currency board system. This booklet published by the Hong Kong Monetary Authority…

BIS cbankers expect world economy to pick up

Central bankers meeting in Hong Kong on Feb 12, 2001 agreed that the global economy is now slowing but will return to growth in the second half of 2001, said an official who briefed reporters. Andrew Crockett, general manager of the Bank for…

BIS to host 17 cbank officials in HK Feb 12

The Bank for International Settlements plans to host officials of 17 central banks in Hong Kong on Feb 12, 2001. An official of the Basel-based institution said the central bankers will discuss both the global economy and the strengthening of financial…

Slowdown in the US Economy- HKMA's Joseph Yam

The suddenness of the recent slowdown in the US economy has taken many by surprise. But policymakers have plenty of scope for turning this inevitable adjustment into a more sustainable growth path. By Joseph Yam, chief executive of the Hong Kong Monetary…

HK US dlr clearing volume picking up over time

Hong Kong's recently introduced U.S. dollar clearing system is unlikely to see volume pick up fast in the near-term as clients test the waters and wait for more services to be priced in U.S. dollars, said settlement bank Hong Kong and Shanghai Banking…

HKMA launch final stage of dollar clearing system

The Hong Kong Monetary Authority launched the final phase of its US dollar payment system on Monday, offering paper cheque clearing and delivery versus payment settlement of US dollar denominated debt.

HKMA concerned about US economic slowdown risk

The head of the Hong Kong Monetary Authority, one of the world's largest holders of foreign exchange, said he remained apprehensive about the risk of a downturn in the US economy, according to the Friday overseas edition of the Financial Times.

China WTO to boost HK banks, GDP growth - HKMA

China's looming entry into the World Trade Organisation will boost financial services and raise Hong Kong gross domestic product growth by upto 1%, according to the Hong Kong Monetary Authority, the territory's de facto central bank.

HKMA, HSBC beef up anti-counterfeiting measures

Hong Kong's quasi central bank the Hong Kong Monetary Authority and the Hong Kong & Shanghai Banking Corp. unveiled Monday new security features to combat widespread counterfeiting of Hongkong Bank's HK$1,000 notes.

HKMA urges Hong Kong banks to go green

Hong Kong's quasi central bank Wednesday called on the city's banks to sign a United Nations environmental awareness statement, and to consider producing their own formal environmental policy statements.

HKMA Yam on the future of the financial industry

Joseph Yam, chief executive of the Hong Kong Monetary Authority, has written a number of articles in his regular column the HKMA website on the technological revolution now in full flood. In this week's column, he imagines what life might be like for the…

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