Renminbi Securities in Portfolios of Official Institutions: A Perspective from the Hong Kong Monetary Authority

2020 ◽  
pp. 417-438
Author(s):  
Martin Matsui
Keyword(s):  
Hong Kong ◽  
Monetary Authority

scholarly journals Not All Currency Traders Believe in Unfettered Free Markets: Currency Speculation and Market Intervention in Hong Kong

2002 ◽  
Vol 170 ◽  
pp. 441-458
Author(s):  
Leong H. Liew ◽  
Harry X. Wu
Keyword(s):  
Hong Kong ◽  
Financial Markets ◽  
Financial Institutions ◽  
Futures Markets ◽  
Government Intervention ◽  
Free Market ◽  
Asian Crisis ◽  
Monetary Authority ◽  
Free Markets ◽  
Market Intervention

Expectations and beliefs are important forces that can influence financial markets. Using results from a survey, this article examines the beliefs of currency traders in Hong Kong's financial institutions regarding the RMB and HK$/US$ pegs. In particular, it examines the attitudes of these currency traders towards the intervention by the Hong Kong Monetary Authority (HKMA) in Hong Kong's stock and futures markets to defend the HK$/US$ peg during the Asian crisis in 1998. Contrary to expectation, not all currency traders in Hong Kong were diehard devotees of the free market and more were in support of the intervention than against. Degree of identification with Hong Kong was found to be important, influencing attitudes towards government intervention. An inference from the survey is that the intervention was popular with Hong Kong residents and that future intervention by the HKMA is likely if faced with similar speculative attacks on the HK$.

scholarly journals Cyber Security and Information Security

2019 ◽  
Vol 8 (3S) ◽  
pp. 372-374
Keyword(s):  
Hong Kong ◽  
Information Security ◽  
Cyber Security ◽  
Monetary Authority ◽  
Security Policies ◽  
Reserve Bank ◽  
Regulatory Bodies ◽  
Reserve Bank Of India

To understand the differences between terms like cyber security and information security is important because many banking regulatory bodies like Reserve bank of India, Hong Kong Monetary Authority, Monetary Authority of Singapore, etc. have asked banks to have separate cyber security AIS security policies. These two words “Cyber Security” and “Information Security” are generally used as synonyms in security terminology, and create a lot of confusion among security professionals. We are discussing with some InfoSec professionals about the same and found out that some of them think that cyber security is subset of information security while others think the opposite. So, to clear this confusion, we decided to research on the same and write a blog.

Part II Regulation of Banking, Securities, and Insurance, 3 Banking Regulation and the Hong Kong Monetary Authority

2016 ◽  
Author(s):  
Arner Douglas W ◽  
Hsu Berry FC ◽  
Goo Say H ◽  
Johnstone Syren ◽  
Lejot Paul ◽  
...  
Keyword(s):  
Hong Kong ◽  
Best Practice ◽  
Specific Area ◽  
Banking Regulation ◽  
Monetary Authority ◽  
Financial Intermediaries ◽  
Financial Conglomerates ◽  
Financial Centre ◽  
Financial Conglomerate ◽  
Area Of Concern

This chapter explains the legal and institutional framework for banking in Hong Kong. It discusses the regulation of financial intermediaries, products, and services in the context of a framework based largely on the Banking Ordinance, the Exchange Fund Ordinance, and the Clearing and Settlements Systems Ordinance, supported by ordinances derived from international best practice. The chapter summarizes the main functions of the Hong Kong Monetary Authority (HKMA). Established in 1993, the HKMA maintains Hong Kong as an international financial centre and ensures that Hong Kong’s legal and regulatory framework for banks is comprehensive and of an international standard. At the same time, the chapter argues, the system’s many divisions allow certain risks to remain unaddressed. A specific area of concern applies to financial conglomerates, in that there is no clear division of regulatory responsibility in the case of the insolvency of a financial conglomerate.

scholarly journals Hong Kong’s Currency and Monetary Policy

2021 ◽  
Vol 5 (3) ◽  
Author(s):  
Richard Fast
Keyword(s):  
Monetary Policy ◽  
Hong Kong ◽  
Literature Review ◽  
Central Bank ◽  
Interest Rates ◽  
Mainland China ◽  
The United States ◽  
Monetary Authority ◽  
Future Research ◽  
Over Time

This literature review is a synopsis of what has been written on the currency and monetary policy of Hong Kong since its relinquishment from Great Britain in 1999. In particular, this paper examines the role and policies of the Hong Kong Monetary Authority, the island province’s equivalent to a central bank. Since Hong Kong does not have a central bank per se, it is interesting to note how the money supply is created and maintained, and what its relationship is to mainland China. This institution makes Hong Kong unique among developed economies, which typically have a central bank that oversees monetary creation and policy. The Literature Review is composed of two parts: Part One will cover the revaluation of the Hong Kong Dollar with regard to its value relative to the currencies of China, Japan, Europe, and the United States, particularly during financial crises. This part of the literature review will cover the work of Chan (2002), Schenk (2004), Shah (1996), Cook and Yetman (2004), and Ma and Cheng (2014) as they use different measurement methods to monitor the change in the Hong Kong Dollar’s value over time, especially compared to the period before the creation of the Hong Kong Dollar. Part Two will cover the monetary and macro-economic policies and currency board effectiveness of the Hong Kong Monetary Authority in sustaining the value of the Hong Kong Dollar. This part of the literature review will cover the work of Chen (2001), Siregar and Walker (2000), Chen and Tsang (2020), Funke and Paetz (2000), and Huang and Shen (2017). This paper also includes a section on suggestions for future research, including what effect the shift of pegging the Hong Kong Dollar (HKD) to other currencies, such as the Euro or the Japanese Yen, or when interest rates in other countries are set at zero. The paper wraps up with an overview of the literature discussed and possible paths going forward, including recreating the studies over time to see how effective such a maneuver has been in practice when compared to competing currencies. Followers of the Hong Kong Dollar will especially find these results useful as they seek to exchange currencies for the highest value.

The work of the Hong Kong Monetary Authority

1996 ◽  
Author(s):  
Man-wing Chung
Keyword(s):  
Hong Kong ◽  
Monetary Authority

Verocytotoxin-producing Escherichia coli infection: The Hong Kong experience

1998 ◽  
Vol 13 (11-s4) ◽  
pp. S289-S293 ◽  
Author(s):  
SSY WONG ◽  
WC YAM ◽  
PHM LEUNG ◽  
PCY WOO ◽  
KY YUEN
Keyword(s):  
Escherichia Coli ◽  
Hong Kong ◽  
Escherichia Coli Infection
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