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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 />
A screen shows Federal Reserve Board Chairman Kevin Warsh as currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, on Thursday. Photo: AP
US Federal Reserve Chair Kevin Warsh attends a press conference in Washington, US, on Wednesday. Photo: Xinhua
Banking & finance

From US Fed rates to China’s global export share: 4 figures shaping markets

The US central bank raised rates for first time since 2023, Hong Kong followed and Goldman Sachs projects a sharp rise in Chinese firms’ global export share.

Banking & finance

How will Hong Kong’s new 5-year plan court global capital?

Gold in Hong Kong

Exchange Fund may buy more gold to support Hong Kong’s trading hub ambitions

John Lee policy address 2026

Hong Kong’s 5-year plan, policy continuity offer investor stability, experts say

Explicit directions set by John Lee seen as ensuring persistence in policies even if there are changes in government leadership.

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John Lee also spelled out Hong Kong’s core positioning under the “four centres, one hub” concept. Photo: Sam Tsang
Chief Executive John Lee delivered Hong Kong's first five-year plan on Wednesday. Photo: Elson Li
Central banks

In wake of US rate hikes, Hong Kong dollar may come under pressure: HKMA

HSBC and other major banks keep prime rates unchanged after HKMA raises base rate by a quarter-point in lockstep with Fed.

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John Lee policy address 2026

Hong Kong targets gold trading, FPS-UnionPay link to boost yuan use

‘We will consolidate and enhance Hong Kong’s status as an international financial centre,’ John Lee says.

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John Lee policy address 2026

14 key takeaways from John Lee’s policy address, Hong Kong’s first 5-year plan

Chief executive lays out how the five-year plan will align the city more closely with the national development blueprint.

Chief Executive John Lee leaves the Legislative Council chamber after delivering Hong Kong’s first five-year plan and the annual policy address. Photo: Dickson Lee
Belt and Road 2026

Ancient Silk Road to modern Belt and Road: how Hong Kong bridges China and the Middle East

As the Middle East seeks economic diversification, Hong Kong acts as the financial gateway for investment.

Crime in Hong Kong

Over 700 cardholders report unauthorised iPhone pre-order charges worth HK$14.7m

Some report multiple transactions on their credit cards, while an expert says fraudsters may have exploited pre-order rush for Apple’s new iPhones.

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Banking & finance

Oman’s Sohar International to open first Asia office in Hong Kong: sources

The new office, located at Cheung Kong Center II in Central, marks the first time the bank has expanded outside the Middle East.

Sohar International Bank is Oman’s second-largest bank by total assets. Photo: Handout
Banking & finance

Yuan use grows as supply chains reshape global trade, Deutsche Bank says

Europe’s first foreign RMB clearer says Chinese firms’ overseas expansion is strengthening the currency’s role in cross-border commerce.

Growing cross-border trade and more flexible supply chains are driving wider use of the yuan, even as the US dollar retains its dominant role in global payments. Photo: dpa
Banking & finance

Record US$1.3 trillion pours into Hong Kong investment products

Record investor numbers drive 63 per cent surge in sales of non-traded products, led by collective investment schemes, FICC offerings.

Business of climate change

Green lift: Hong Kong widens finance taxonomy to spur transition capital

As Green Week kicks off, the HKMA expands its finance taxonomy to channel capital into projects that build climate resilience.

International Property

Which property markets will be the winners and losers if Fed raises US rates?

Fed chairman’s focus on inflation at meeting last month has heightened expectations of monetary tightening.

Real estate agents’ signs at a sold home and homes for sale in London last month. Photo: EPA
Hong Kong society

Why Chelsea football shirts are making Hong Kong fans nervous about crypto laws

Caught between their favourite football club and Hong Kong’s Stablecoins Ordinance, fans want to know if they can wear the tops openly.

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Chelsea signed a deal to feature the USDC stablecoin brand on its jerseys in late August. Photo: AP
Banking & finance

Hong Kong’s Silver Bonds draw record 480,000 bids with higher interest rate

Hong Kong is expected to raise the final issuance to the upper limit of HK$55 billion, as applications from elderly investors have surged.

Hong Kong property

Rate rise expectations mount in Hong Kong following Fed chief’s comments

But property consultancy Knight Frank says likelihood of near-term rise in prime rate by city’s note-issuing banks remains low.

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Banking & finance

Hong Kong expands AI sandbox with new projects spanning dozens of partners

Regulators select 36 use cases involving dozens of financial institutions and tech partners to test AI use in onboarding, payments, claims and customer service.

Hong Kong regulators are exploring the use of more autonomous AI agents across some services. Photo: Shutterstock
Yuan

Open Questions | Top economist on how China should prep for dollar era’s end

Barry Eichengreen of the University of California, Berkeley, on US wobbles and how China and rest of the world can plan for a multipolar monetary system.

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Banking & finance

Use of yuan hits 6-month high in Hong Kong’s fast-payment system

Yuan-denominated payments rise 34 per cent, with Payment Connect mechanism acting as catalyst for multiplying cross-border use cases.

Hong Kong economy

Impact of US trade policy shifts on Hong Kong ‘primarily psychological’: Paul Chan

Finance chief cites US trade and interest rate trends as risks for city’s economy for rest of 2026, but expects growth momentum to continue.

Kwai Chung Container Terminal. The US is Hong Kong’s fourth largest export market. Photo: Elson Li
Bonds

Hong Kong to list first Shanghai free-trade zone bond to defend yuan hub status

HKEX announces that a Shanghai Electric subsidiary is set to list a 1.5 billion yuan green bond later this month.

A view of the Hong Kong skyline. Photo: Getty Images
Fintech

Letters | Hong Kong mustn’t fall behind in recognising overseas stablecoins

Readers discuss a recognition framework for dollar-denominated stablecoins, and the significance of Beijing’s offshore insurance tax for Hong Kong.

Banking & finance

Hong Kong stablecoin list expands with Standard Chartered-led firm’s launch

Anchorpoint Financial kicks off institutional use of its Hong Kong dollar-linked stablecoin, HKDAP.

Banking & finance

Everything you need to know about Hong Kong’s US dollar peg

As global investors shift away from US dollar assets, Hong Kong is tied to the US dollar to maintain a stable exchange rate.

The Hong Kong Monetary Authority logo at Two IFC. Photo: Jonathan Wong
Banking & finance

Hong Kong’s US dollar peg faces fresh calls for review – but is change feasible?

Economists and financial analysts warn abandoning the anchor would pose risks that far outweigh potential rewards.

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The Hong Kong dollar’s peg to the US dollar was introduced in 1983 to stabilise the local economy. Photo: Shutterstock
Banking & finance

Editorial | Hong Kong banks can no longer ignore the quantum threat

HKMA survey is a wake-up call for the city’s financial sector to embrace cryptographic agility before it’s too late.

IPO

AI stock rout fells Innolight after mega Hong Kong IPO

Nvidia supplier Innolight declines on its Hong Kong trading debut as once AI-hungry investors turn increasingly nervous about sector’s huge spending plans.

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