HKMA Tag

11 Apr City University of Hong Kong calls for broader ESG reporting coverage, says all financial institutions licensed by SFC should submit emissions data

Posted at 13:00h in Asia

All financial institutions licensed by the Securities and Futures Commission (SFC) to carry out regulated activities should be required to submit environmental, social and governance (ESG) reports that cover their overall greenhouse gas emissions for the development of a comprehensive ecosystem of sustainability disclosures in...

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09 Apr HSBC summit: digital assets market at ‘tidal point’, Hong Kong best placed to drive it forward, bank’s global strategy head says

Posted at 11:12h in Asia

The market for digital assets is poised to take off this year and Hong Kong is best placed to develop it further after putting in place substantial regulatory frameworks and scoring key transactions, according to HSBC.“The market really is at its tidal point,” said John...

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09 Apr HSBC summit: Hong Kong’s financial ecosystem is robust, resilient and unwavering, HKMA’s Eddie Yue and SFC’s Julia Leung say

Posted at 10:30h in Asia

“You may still hear noises or perceptions … [that] Hong Kong’s growth as a financial centre is fading,” Yue said. “But if you look at the numbers, they paint for you a very different story.“Look at the facts. Hong Kong’s ecosystem is robust.”More than 2,500...

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07 Apr Exclusive | Saudi Arabia to showcase futuristic, zero-carbon megacity at Hong Kong investor roadshow

Posted at 04:34h in Asia

The man in charge of a showpiece project of Saudi Arabia’s plan to diversify its economy away from oil will bring a roadshow to Hong Kong inviting investors to back the ambitious development.Nadhmi Al-Nasr, the chief executive officer of Neom – a US$500 billion futuristic...

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28 Mar Hong Kong Monetary Authority calls on lenders to provide ‘sympathetic’ credit relief to SMEs, never call loans early

Posted at 12:18h in Asia

The Hong Kong Monetary Authority (HKMA) on Thursday announced a set of measures designed to support small and medium-sized enterprises (SMEs), offering them reassurance about access to credit relief amid market rumours of loans being called early.The nine points issued by the city’s de facto...

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27 Mar HSBC launches tokenised gold for retail customers in Hong Kong as government pushes for publicly accessible digital assets

Posted at 02:28h in Asia

Tokenised gold assets are not a new concept – they surpassed US$1 billion in value globally in 2023, according to CoinGecko, a platform that tracks the industry.‘We are proud that HSBC Gold Token, powered by HSBC Orion, is the first retail product in Hong Kong...

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21 Mar Hong Kong’s monetary authority calls for borrower caution on interest rates despite forecast of Fed cuts

Posted at 03:48h in Asia

The warning follows a surge in property transactions since the Hong Kong government scrapped a set of decade-old curbs on February 28, withdrawing the stamp duty on home purchases for non-permanent residents and second-time homebuyers while also relaxing mortgage policies to allow buyers to borrow...

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21 Mar Hong Kong stocks jump after US Federal Reserve’s dovish signals; Tencent gains after doubling share buy-back

Posted at 02:30h in Asia

Hong Kong stocks advanced after the US Federal Reserve reaffirmed its dovish outlook overnight while keeping its key rate unchanged. Tencent jumped after it unveiled plans to at least double the size of its share repurchases and the city’s property developers rallied on the prospects...

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20 Mar Hong Kong holds base rate steady at 5.75% after Fed’s unanimous vote to keep watching for signs of falling US inflation

Posted at 23:04h in Asia

The HKMA has followed the Fed’s rate decision in lockstep since 1983 by design under its linked exchange rate system to preserve the local currency peg’s to the US dollar. The HKMA has held its base rate at current level after raising it 11 times...

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20 Mar HKMA warns public to be vigilant of fraudulent claims by entities saying they are involved in digital currency trials

Posted at 12:00h in Asia

The Hong Kong Monetary Authority (HKMA) has asked the public to be vigilant of schemes falsely claiming to be involved in its e-HKD pilot projects, as the city conducts a series trials on the feasibility of a central bank digital currency (CBDC) as part of...

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