Residential Mortgage Survey Results for October 2024

The Hong Kong Monetary Authority announced the results of the residential mortgage survey for October 2024. The number of mortgage applications in October increased month-on-month by 46. 5% to 7,289. Mortgage loans approved in October increased by 9. 5% compared with September to HK$19 billion. Among these, mortgage loans financing primary market transactions decreased by 2. 4% to HK$5. 4 billion and those financing secondary market transactions increased by 14% to HK$11. 4 billion. ...

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International Reserves and Foreign Currency Liquidity

The Hong Kong Monetary Authority (HKMA) released today (29 November) the analytical data on the Hong Kong Special Administrative Region’s foreign currency reserves and foreign currency liquidity as at the end of October 2024 (Annex). These data are published monthly in the Template on International Reserves and Foreign Currency Liquidity in accordance with the International Monetary Fund’s Special Data Dissemination Standard (SDDS). Annex   Hong Kong Monetary Authority 29 November 20...

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Exchange Fund Abridged Balance Sheet and Currency Board Account

The Hong Kong Monetary Authority (HKMA) announced today (29 November) that the total assets of the Exchange Fund amounted to HK$4,015. 0 billion as at 31 October 2024, HK$118. 8 billion lower than that at the end of September 2024. Hong Kong dollar assets decreased by HK$105. 0 billion and foreign currency assets decreased by HK$13. 8 billion. The decline in Hong Kong dollar assets was mainly due to the decrease in Exchange Fund Bills and Notes issued but not yet settled at month end. ...

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Basel Committee publishes a range of practices report on implementing a positive neutral countercyclical capital buffer

Basel Committee has published a range of practices report on implementing a positive neutral countercyclical capital buffer (CCyB). An increasing number of jurisdictions have voluntarily chosen to introduce a positive neutral CCyB when risks are judged to be neither subdued nor elevated. The report considers the different jurisdictional frameworks for implementing a positive neutral CCyB. The Basel Committee on Banking Supervision today issued a range of practices report on implementing a p...

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2024 list of UK headquartered global systemically important institutions (G-SII)

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FINMA publishes completely revised circular on liquidity for insurers

The Swiss Financial Market Supervisory Authority FINMA is today publishing the completely revised FINMA Circular “Liquidity – insurers” (FINMA Circ. 25/3). It is thus adapting its practice to the revised Insurance Supervision Ordinance and enhancing its supervisory practice on liquidity for insurers. The Federal Council revised the Insurance Supervision Ordinance (ISO) in 2023. In this context, it introduced annual reporting by insurers to FINMA on liqui...

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Tender of 15-year HKD HKSAR Institutional Government Bonds to be held on Wednesday, 4 December 2024

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (28 November) that a tender of 15-year HKD Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on Wednesday, 4 December 2024, for settlement on Thursday, 5 December 2024. A total of HK$0. 5 billion 15-year HKD Bonds will be tendered. The Bonds will mature on 5 December 2039 and will carry interes...

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Tender of 5-year HKD HKSAR Institutional Government Bonds to be held on Wednesday, 4 December 2024

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (28 November) that a tender of 5-year HKD Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on Wednesday, 4 December 2024, for settlement on Thursday, 5 December 2024. A total of HK$3. 0 billion 5-year HKD Bonds will be tendered. The Bonds will mature on 5 December 2029 and will carry interest ...

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HKMA Welcomes Launch of HKUST's InvestLM Generative A.I. Platform

The Hong Kong Monetary Authority (HKMA) welcomes the launch of the InvestLM Generative A. I. Platform announced today (28 November) by the School of Business and Management of The Hong Kong University of Science and Technology (HKUST Business School)1. This innovative platform aims to support the local financial services industry, particularly small-to-medium financial institutions, in harnessing the potential of Generative Artificial Intelligence (GenA. I. ) technologies. In line with...

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HKMA launches Digital Bond Grant Scheme

The Hong Kong Monetary Authority (HKMA) launched today (28 November) the Digital Bond Grant Scheme (DBGS), which was announced in the 2024 Policy Address. The DBGS aims to promote the development of the digital securities market and encourage broader adoption of tokenisation technology in capital market transactions. Subject to the satisfaction of relevant eligibility requirements under the DBGS, a maximum grant of HK$2. 5 million will be offered to each eligible digital bond issuance ...

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