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Hong Kong Mortgage Applications Drop 16.1% in May 2024, HKMA Reports

Hong Kong Mortgage Applications Drop 16.1% in May 2024, HKMA Reports

The Hong Kong Monetary Authority reported a 16.1% decrease in mortgage applications for May 2024, while mortgage loans approved increased by 8.8%.

Hong Kong Monetary Authority Reports 1.1% Increase in May 2024 Deposits

Hong Kong Monetary Authority Reports 1.1% Increase in May 2024 Deposits

The Hong Kong Monetary Authority reported a 1.1% increase in total deposits for May 2024, with notable rises in both Hong Kong dollar and foreign currency deposits.

Hong Kong Mortgage Corporation Appoints Colin Pou as New CEO

Hong Kong Mortgage Corporation Appoints Colin Pou as New CEO

The Hong Kong Mortgage Corporation Limited (HKMC) has appointed Colin Pou Hak Wan as the new CEO, effective December 2024, succeeding Raymond LC Li.

Hong Kong Deposit Protection Board Releases Annual Report 2023-2024

Hong Kong Deposit Protection Board Releases Annual Report 2023-2024

The Hong Kong Deposit Protection Board has published its Annual Report for 2023-2024, highlighting key achievements and future enhancement measures.

HKMA Reveals Participants for Stablecoin Issuer Sandbox

HKMA Reveals Participants for Stablecoin Issuer Sandbox

The Hong Kong Monetary Authority (HKMA) has announced the participants of its stablecoin issuer sandbox, fostering the development of Hong Kong's stablecoin ecosystem.

Hong Kong Successfully Issues HK$25 Billion in Green Bonds

Hong Kong Successfully Issues HK$25 Billion in Green Bonds

The HKSAR Government has issued HK$25 billion in green bonds, attracting global investors with over HK$120 billion in orders.

Hong Kong Monetary Authority Warns Against Unauthorized Banking Activities

Hong Kong Monetary Authority Warns Against Unauthorized Banking Activities

The HKMA alerts the public about unauthorized banking activities by a firm operating without proper authorization in Hong Kong.

Hong Kong Monetary Authority Announces Results of RMB Sovereign Bond Tenders

Hong Kong Monetary Authority Announces Results of RMB Sovereign Bond Tenders

Hong Kong Monetary Authority released the results of the RMB Sovereign Bond tenders held on July 10, 2024, highlighting significant details of the issuance.

Hong Kong's Resilience as a Top Asset and Wealth Management Hub: SFC Survey 2023

Hong Kong's Resilience as a Top Asset and Wealth Management Hub: SFC Survey 2023

The SFC survey highlights Hong Kong's enduring position as a leading international asset and wealth management hub in 2023.

Hong Kong's SFC Announces Timeline for Uncertificated Securities Market

Hong Kong's SFC Announces Timeline for Uncertificated Securities Market

Hong Kong's SFC unveils a timeline to implement an uncertificated securities market, marking a significant shift in the region's financial landscape.

Hong Kong Monetary Authority Reports Slight Increase in Composite Interest Rate for June 2024

Hong Kong Monetary Authority Reports Slight Increase in Composite Interest Rate for June 2024

The Hong Kong Monetary Authority announced a minor rise in the composite interest rate to 2.62% at the end of June 2024, reflecting higher deposit costs.

Eddie Yue Reappointed as Chief Executive of Hong Kong Monetary Authority

Eddie Yue Reappointed as Chief Executive of Hong Kong Monetary Authority

Eddie Yue has been reappointed as the Chief Executive of the Hong Kong Monetary Authority for another five-year term, beginning in October 2024.

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