[ad_1] Hong Kong-based property bears topped the world in their pessimism, as a mix of high interest rates and a slumping economy with weak demand dampened any interest in buying…
Tag: HKMA
HKMA to launch pilot scheme for Hong Kong banks to share account data
[ad_1] The Hong Kong Monetary Authority (HKMA) is set to launch a pilot programme that will enable customers to use a consent-based and secure way to share their account data…
Hong Kong economy, property market eagerly await lower rates next year
[ad_1] “As the pressure of inflation recedes, the real interest rate is rising and creating an environment that is too restrictive,” said Raymond Mok, assistant vice-president of investment strategy at…
HSBC leads Hong Kong’s banks in keeping prime rate unchanged
[ad_1] It was the fourth pause since the Fed began its rate-hike cycle in March 2022. The HKMA has followed the Fed in lockstep since 1983 on interest rates policy…
Hong Kong keeps base rate unchanged at 5.75% after Fed’s pause
[ad_1] Fed chairman Jerome Powell said the central bank will start cutting rates well before it hits the inflation goal. Fed chairman Jerome Powell prepares to deliver remarks to the…
China’s finance ministry meets bankers on boosting Hong Kong’s hub role
[ad_1] “The meetings between Hong Kong and the leaders at the Ministry of Finance [on Wednesday] and the meeting with the PBOC governor last month reflect that the central government…
HKMA looking into how banks can help stock market function during bad weather
[ad_1] In decades-old practice, the Hong Kong stock market and all of the city’s 1,100 bank branches shut down during severe weather. But now the Hong Kong government is urging…
Hong Kong central bank leaves interest rate unchanged, tracking Fed move
[ad_1] HONG KONG: The Hong Kong Monetary Authority (HKMA) on Thursday left its base rate charged through the overnight discount window unchanged at 5.75%, tracking a move by the U.S.…
HKMA wraps up phase one of CBDC trial
[ad_1] Hong Kong wrapped up the first phase of its CBDC pilot according to a report on Monday. However, it’s still unclear if Hong Kong will seek to introduce e-HKD,…