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Hong Kong Monetary Authority

Hong Kong property: mortgage insurance hits 10-month high as property easing fuels transactions

by Anas Siddiqui
Hong Kong property: mortgage insurance hits 10-month high as property easing fuels transactions

Mortgage insurance for residential property in Hong Kong continues to rise amid a jump in transactions following the removal of cooling measures, hitting a 10-month high in April. Newly approved …

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Hong Kong Monetary Authority to host world-class financial forum again in November

by Anas Siddiqui
Hong Kong Monetary Authority to host world-class financial forum again in November

“The executives who attend the summit can also meet local staff and clients, while some of them could also visit the mainland. They can share their insights about Hong Kong …

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Hong Kong holds base rate at 5.75% while US Fed assures market that delayed rate cuts have not been derailed

by Anas Siddiqui
Hong Kong holds base rate at 5.75% while US Fed assures market that delayed rate cuts have not been derailed

The HKMA follows the Fed’s rate decision in lockstep since 1983 by design under its linked exchange rate system to preserve the local currency’s peg to the US dollar. The …

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Earth Day: Paul Chan says Hong Kong has the expertise, liquidity to support region’s transition finance needs

by Anas Siddiqui
Earth Day: Paul Chan says Hong Kong has the expertise, liquidity to support region’s transition finance needs

Hong Kong can do more to help finance the transition of high-emitting sectors and heavy-polluting industries to more sustainable business activities as a hub for the region, Financial Secretary Paul …

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Hong Kong’s buoyant home sales to fight gravity of continued high interest rates as cut hopes dwindle, analysts say

by Anas Siddiqui
Hong Kong’s buoyant home sales to fight gravity of continued high interest rates as cut hopes dwindle, analysts say

Dwindling hopes for an interest-rate cut this year could put a damper on surging Hong Kong home sales, according to analysts. As of Tuesday, 5,109 new homes have been sold …

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

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

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 …

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Hong Kong tycoon Victor Li says city must do whatever it takes to maintain financial hub status

by Anas Siddiqui
Hong Kong tycoon Victor Li says city must do whatever it takes to maintain financial hub status

“How to respond depends on the Hong Kong government. There are only a few [international financial centres], and Hong Kong has been one of them for many years. It is …

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Hong Kong homebuyers snap up Uptown East flats worth US$179 million in Kowloon Bay, as market rebounds after curbs removal

by Anas Siddiqui
Hong Kong homebuyers snap up Uptown East flats worth US9 million in Kowloon Bay, as market rebounds after curbs removal

The first batch of flats on sale include studios and two-bedroom units, ranging in size between 278 and 561 square feet (25.8 and 52 square metres). The units were priced …

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China to widen access to US$232 trillion repo market in transformative, signalling impact on interest rates, analysts say

by Anas Siddiqui
China to widen access to US2 trillion repo market in transformative, signalling impact on interest rates, analysts say

Turnover in China’s interbank repo market, dominated by pledged repos, has soared over the past decade. These contracts surged 21 per cent to 1,668 trillion yuan (US$231.8 trillion) in 2023, …

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Green finance: Hong Kong’s expertise can help Asia’s emerging markets fill climate funding gap, IFC regional head says

by Anas Siddiqui
Green finance: Hong Kong’s expertise can help Asia’s emerging markets fill climate funding gap, IFC regional head says

Hong Kong’s green financing expertise can help emerging markets in Asia-Pacific fill an enormous funding gap for tackling climate change, according to the regional head of International Finance Corp (IFC). …

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