Hong Kong
IMF endorses Hong Kong’s tight macro-prudential measures
But risks to the outlook appear to be building, the fund says
Ageing population is deflationary – HKMA paper
Deflationary pressures “should not be ignored”, economist says
Advisory services: Deloitte
Deloitte has a growing central bank footprint, including new projects on strategy and cyber resilience in Canada, fintech in Saudi Arabia and DLT in Hong Kong
Currency services: De La Rue
2018 was a busy year for the UK-based banknote provider as it secured new clients and transformed its focus towards technology
The PBoC’s efforts to solve the ‘impossible trinity’
Chinese central bank intervenes to manage offshore renminbi rate; uses swaps, rather than selling reserves in latest currency interventions
The ‘great fintech wall of China’?
Deploying fintech wrappers could help to solve part of the People’s Bank of China’s capital control dilemma; trials possible in Greater Bay Area
Hong Kong’s new banknotes get design facelift
For the first time, the design of the notes will share a unified theme; the notes will not be printed on polymer due to security feature integration
Trade dispute causes PBoC ‘a lot of problems’ – Peking University's Xiao Geng
Monetary policy dilemma for PBoC due to US trade dispute; FSDB can curb regional excesses
Singapore central bank probes possible misconduct at large trading group
Noble Group shares suspended as MAS, police and accounting regulators examine allegations
HKMA’s ‘e-wallet’ feature suspended weeks after launch - local media
“Autopay” feature of new payments system hit by fraud allegations; HKMA says security is robust
HKMA launches new faster payments system
New system will reduce transaction time and scrap interbank fees
Bank of Brazil and HKMA sign fintech agreement
Central banks to promote innovative financial services companies
HKMA spends over $2 billion to defend local currency
Hong Kong dollar fell to hit lower limit of its 7.75-7.85 peg to US dollar
A real-time payments revolution in Asia
Asian central banks have encouraged the development of instant payment systems to defend monetary policy transmission and counter cryptocurrency usage
PBoC seeks to reassure bond investors amid default concerns
Pan Gongsheng says the central bank has not seen any “special abnormalities”
People: new RBI deputy; Ingves to chair Toronto Centre
ECB appoints director general of micro-prudential supervision; HKMA has new executive director of financial infrastructure; Liberia appoints new board
Hong Kong mandates use of legal entity identifiers for OTC derivatives
LEIs will be mandatory for some firms from April 1, 2019
Hong Kong filmmakers found guilty of possession of fake banknotes
The banknotes were props in an award-winning film; HK filmmakers association called the conviction a “big joke”
China opens onshore market to foreign investors
MSCI adds Chinese shares to its emerging markets index for the first time
HKMA has no plans to launch digital currency - Treasury official
Hong Kong’s efficient payment infrastructure lessens incentive to go digital, official says
HKMA rolls out new initiatives to lure bond issuance
The three-year pilot promises to fund half of eligible bond issuance expense, up to a maximum of HK$2.5 million
The IFF China Report 2018: The Bay Area Development
The Guangdong–Hong Kong–Macao Great Bay Area represents an effort to co-ordinate development to create globally competitive city clusters at the start of the Maritime Silk Road in southern China. These efforts are focussed in particular on innovation,…
Claims on offshore centres at record high – BIS data
Overall cross-border claims “gained momentum” in Q4 2017
The IFF China Report 2018
Insight and opinion from China’s top leaders, policymakers and financiers