Hongkong
HKMA Reports Decrease in Composite Interest Rate for September 2024
The Hong Kong Monetary Authority announced a 17 basis points drop in the composite interest rate to 2.35% at the end of September 2024, reflecting lower deposit funding costs.
HKMC Concludes Record-Breaking Social Bond Issuance in Asia Pacific
The Hong Kong Mortgage Corporation Limited (HKMC) has successfully issued a social bond worth HK$23.8 billion, marking the largest issuance in Asia Pacific. The proceeds will aid SME Financing Guarantee Scheme.
Hong Kong Enhances SME Financing Guarantee Scheme Amid Economic Challenges
The Hong Kong Monetary Authority announces enhancements to the SME Financing Guarantee Scheme, offering extended loan guarantee periods and new repayment options to support businesses.
Hong Kong Monetary Authority Concludes Consultation on Renaming Virtual Banks to Digital Banks
The Hong Kong Monetary Authority has published its conclusions on the public consultation proposing the renaming of 'Virtual Banks' to 'Digital Banks', garnering broad support.
HKMC Reports Significant Decline in Profit for First Half of 2024
The Hong Kong Mortgage Corporation Limited (HKMC) announces a notable drop in profit for H1 2024, attributing the decline to adverse property price impacts on its reverse mortgage business.
Hong Kong Mortgage Applications Drop by 12.2% in August 2024
The Hong Kong Monetary Authority reports a 12.2% drop in mortgage applications in August 2024, with approved loans also declining.
Hong Kong Financial Leaders Programme Completes ASEAN Field Trip
Hong Kong Academy of Finance's Financial Leaders Programme concludes a field trip to Bangkok and Jakarta, fostering collaboration and exchanges with local financial and business leaders.
HKMA and NDRC Collaborate on Seminar to Boost Mainland Enterprises’ Cross-Border Financing in Hong Kong
HKMA and NDRC held a seminar to enhance Mainland enterprises' cross-border financing in Hong Kong, aiming to strengthen offshore debt issuance.
HKMC Releases Social Bonds Allocation Update and Impact Report 2024
The Hong Kong Mortgage Corporation Limited (HKMC) has published its Social Bonds Allocation Update and Impact Report 2024, detailing the allocation and social impact of bonds issued in 2022 and 2023.
HKMA Reports July 2024 Residential Mortgage Survey Results
The Hong Kong Monetary Authority (HKMA) reports a 0.7% increase in mortgage applications for July 2024, along with significant trends in mortgage loans and delinquency ratios.