Hong Kong Monetary Authority

Capital / Liquidity

HKMA Convenes Special Teleconference on SME, Personal Lending

By Editors | 14/02/2020

The Banking Sector SME Lending Coordination Mechanism discussed ways to extend greater support to SME and retail customers, in light of the Covid-19 threat to cashflows.

Capital / Liquidity

HKMA Vows to Preserve Stability Amid Covid-19 Threat

By Editors | 13/02/2020

HKMA chief Eddie Yue indicated a willingness to be flexible towards banks facing difficulties in meeting regulatory requirements.

HSBC Provides Relief to Customers Impacted by Outbreak

By Editors | 10/02/2020

HSBC becomes the latest Hong Kong bank to announce relief measures for business owners impacted by the novel coronavirus and its effects on the economy.

HKMA Urges ‘Sympathetic Stance’ for Borrowers Affected by Coronavirus

By Manesh Samtani | 07/02/2020

The HKMA is encouraging banks to adopt a sympathetic stance to customers facing coronavirus-related difficulties and to consider offering relief on debt repayment and fees.

Capital / Liquidity

HKMA Maintains 2% CCyB Amid ‘Uncertain’ Environment

By Editors | 30/01/2020

HKMA chief Eddie Yue says it is appropriate to maintain the CCyB at 2.0% to allow more time to “observe the trend”.

Market Infrastructure

HKMA Consults on Contractual Stay Provisions in Financial Contracts

By Editors | 23/01/2020

FIs will have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during bank resolution.

Fintech / Regtech

HKMA, BOT Announce Outcomes of Joint CBDC Research

By Editors | 23/01/2020

In 3Q 2019, eight Thai banks and two Hong Kong banks (HSBC and ZA Bank) participated in a THB-HKD cross-border corridor network PoC using a CBDC.

Fintech / Regtech

HKMA to Set Up ‘Digitalisation Office’ to Implement Transformation

By Editors | 22/01/2020

The progressive development of digitalisation initiatives will bring profound changes to how the HKMA works and further enhance its efficiency, says deputy chief Howard Lee.

Capital / Liquidity

HK Banks Pledge Continued Leniency for SME Borrowers

By Editors | 21/01/2020

At the second meeting of the Banking Sector SME Lending Coordination Mechanism, established in October, banks agreed to a number of additional measures to aid SME borrowers.