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| | Hong Kong dollar - Wikipedia, the free encyclopedia |
 | | Currency in Hong Kong is issued by the Government and three local banks under the supervision of the territory's de facto central bank, the Hong Kong Monetary Authority. | | | The Hong Kong dollar (currency code HKD) is the currency of the Hong Kong Special Administrative Region of the People's Republic of China, and has been the currency of Hong Kong since 1937. | | | A further aim of allowing the Hong Kong Dollar to trade in a range is to avoid the HK dollar being used as a proxy for speculative bets on a Yuan (Renminbi) revaluation. |
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http://en.wikipedia.org/wiki/Hong_Kong_dollar
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| | Hong Kong Monetary Authority - Wikipedia, the free encyclopedia |
| | The Hong Kong Monetary Authority (香港金融管理局) or HKMA (金管局) in short is a government authority founded on 1st April 1993 in Hong Kong from the consolidation of the "Office of the Exchange Fund" and the "Office of the Commissioner of Banking." It reports directly to the Financial Secretary. | | | Lately the HKMA has been disclosing the forecast change in the Aggregate Balance attributes to increase the transparency of the Currency Board operation. | | | But in fact, overseas banks may also establish local representative offices in Hong Kong while they are restricted in some areas, such as they can not engage in any banking businesses. |
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http://en.wikipedia.org/wiki/Hong_Kong_Monetary_Authority
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| | Index of Economic Freedom 2004 - Countries |
| | Hong Kong’s budget deficit approaches $9 billion (5.4 percent of GDP). | | | Hong Kong is a global banking center and 11th in the world in volume of external transactions. | | | According to the Economic and Trade Office, Hong Kong maintains a dual income tax system under which individuals are taxed progressively between 2 percent and 18.5 percent (up from 17 percent) on income adjusted for deductions and allowances or at a flat rate of 15.5 percent (up from 15 percent) on their gross income. |
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http://cf.heritage.org/index2004test/country2.cfm?id=HongKong
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| | Boston.com / Business / Hong Kong caps value of its currency |
| | Joseph Yam, chief executive of the Hong Kong Monetary Authority, said the change was aimed at reducing the Hong Kong dollar from being used as a proxy for speculation on the Chinese currency, called the yuan or renminbi. | | | The government would set a trading band on the Hong Kong dollar, with a floor of HK$7.85 to US$1 and a ceiling of HK$7.75, said Yam. | | | Hong Kong said Wednesday it would place a cap on its currency's exchange rate to the U.S dollar, but an official denied that the move signaled China would soon revalue its currency. |
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http://www.boston.com/business/articles/2005/05/18/hong_kong_caps_value_of_its_currency
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| | Laws affecting offshore operations in Hong Kong |
| | Hong Kong Accounting Standards 32 and 39 are detailed and prescriptive in nature, requiring banks to estimate loan provisions based on future cash flows rather than the current guidelines issued by the Hong Kong Monetary Authority, and review the basis for general provisioning. | | | Hong Kong has no central bank as such, but the HKMA does assume many of the responsibilities typically assigned to a central bank, including ensuring the safety and soundness of the banking system and the stability of the currency. | | | In 1994, authorities relaxed the one-branch limit for foreign banks, allowing them to open one additional office in a separate building from the location of their main branch; however, the additional office is to be used only for "back office" functions such as processing and settling transactions conducted in the main branch office. |
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http://www.lowtax.net/lowtax/html/hongkong/jhklolaw.html
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| | Yam 1 |
| | However, the HKMA is the lender of last resort and the clearing house for the banks. | | | The future of Hong Kong was being discussed and we had an asset bubble at the same time that burst. | | | S.B.- The Hong Kong dollar has not devalued because Hong Kong has a currency board system that pegs the currency to the dollar. |
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http://www.asian-affairs.com/HongKong/yam1.html
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| | Hong Kong Stocks Fall Steeply, New Victim of Region's Ills |
| | The slide in Hong Kong was precipitated by fears of an attack on the Hong Kong dollar, and was accelerated by a rush of money managers out of Asian investments in general and Hong Kong's in particular, analysts said. | | | It is a measure of Hong Kong's stability since China regained control there on 1 that money managers have attributed the stock market's travails not to politics, but to currency worries and rate fears. | | | Its decision to be listed in Hong Kong created great excitement, and until the general drubbing of Hong Kong stocks this month, the offering generated expectations that the stock would trade at a big premium to its initial price. |
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http://partners.nytimes.com/library/financial/102397crisis-hk-down.html
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| | Securitization laws and regulations - Hong Kong |
| | Where the purchase is regarded by the HKMA as a form of credit enhancement facility to the issuer, the holding arising from the purchase may be required to be deducted from the institution's capital base (see paragraph 3 of Annex 1). | | | For example, the HKMA will examine the extent of recourse to the seller for default assets and the subordinated interest retained by the seller. | | | The HKMA will need to assess, on a case by case basis, as to whether the facility should be regarded as a credit enhancement and if so, whether the treatment of deduction is appropriate. |
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http://www.vinodkothari.com/seclawhk.htm
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| | Globalization and Asia: The Challenges for Regional Cooperation and the Implications for Hong Kong |
| | Hong Kong is a prime example of an economy that has managed rapid structural transformation in an increasingly integrated world economy in a most successful way. | | | Hong Kong’s prudential supervision is already of the highest standard; banks are highly capitalized; and official foreign exchange reserves are large by any standard. | | | The shift of labor-intensive manufacturing out of Hong Kong into mainland China and the associated boost to Hong Kong’s economy from the growth of trade and financial services is perhaps the most dramatic example of this process. |
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http://www.imf.org/external/np/speeches/1997/mds9703.htm
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| | Parker Smith |
| | The strategy which Hong Kong has developed is to require not only on-site reviews of each bank, but also off-site reviews to promote better flow of information about the financial sector, while at the same time enhancing disclosure requirements of these banks. | | | In December of 1994 the HKMA developed a loan classification system which requires authorized institutions to report their assets according to a standardized loan classification system, on a quarterly basis. | | | Hong Kong has been acting as an independent republic since the British occupation, and that is all the people of Hong Kong are familiar with. |
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http://facweb.furman.edu/~dstanford/41papers/smith.html
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| | Hong Kong probe into London banks |
| | THE Hong Kong Monetary Authority, the country's financial regulator, has visited London-based investment banks to investigate whether their proprietary activities forced the collapse of the Hong Kong stock market in August. | | | The virtual collapse of the Hong Kong stock market in August forced the authority to embark on a wide-ranging share purchase programme, which some estimates valued at $15 billion (£9.5 billion). | | | City bankers said yesterday that the Hong Kong Monetary Authority had been looking for evidence that banks were involved in short-selling the market, either on their own account or on behalf of hedge funds. |
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http://www.telegraph.co.uk/htmlContent.jhtml?html=/archive/1998/11/03/cnhong03.html
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| | Hong Kong Monetary Authority Grants Restricted Banking Licence To South Africa's Top Bank, by Mary Swire, Tax-News.com, ... |
| | The HKMA has confirmed that the main reason for NBL to establish a branch in Hong Kong is to shift the focus of its Hong Kong operation from a local subsidiary to a branch in order to capitalise on the financial strength of the head office of the bank. | | | The activities of the Hong Kong Branch of NBL (NBLHK) will be the same as those of NAL, principally in trade financing, syndicated and corporate lending, and private banking. | | | After the completion of the transfer of its assets and liabilities to NBLHK, NAL intends to apply for revocation of its authorisation as a restricted licence bank in Hong Kong. |
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http://www.tax-news.com/asp/story/story_print.asp?storyname=4552
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| | Comments on the Third Hong Kong Monetary Authority Distinguished Lecture given by Monsieur Jean-Claude Trichet |
| | The development of international standards on transparency of fiscal, monetary and financial regulation policy by the IMF is a positive development in this context. | | | Greater transparency can be expected to increase the quality of economic policy and public and private sector decision-making, to sharpen the effectiveness of market discipline and to reduce the tendency for herd behaviour in currency and bond markets. | | | Similarly, the development of disclosure principles by the Basle Committee on Banking Supervision and continued development of international accounting and audit standards will also be of assistance. |
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http://www.rbnz.govt.nz/speeches/0078452.html
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| | The Inaugural Hong Kong Monetary Authority Distinguished Lecture - Speeches and Conferences - News & Events - Federal ... |
| | By limiting fiscal deficits to prudent levels, the governments in these economies generally have avoided excessive borrowing or monetary expansion, and problems in the financial sector. | | | Indeed, per capita incomes in Hong Kong and Singapore are now higher than in many industrial countries. | | | Since the beginning of its high-growth period, Hong Kong chose a less interventionist path to economic development--its government has eschewed extensive intervention in markets to guide private-sector resource allocation. |
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http://www.ny.frb.org/newsevents/speeches/1996/sp961203.html
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| | Hong Kong to align official and market rate |
| | The Hong Kong dollar is pegged to the US dollar and has been defended by the government throughout the Asian financial crisis. | | | HONG KONG is to start devaluing its currency this week but only by five Hong Kong cents (0.5p) over 18 months. | | | From Thursday, the convertibility undertaking will be moved from 7.75 to 7.8 - this is the number of Hong Kong dollars which will be swapped for each US dollar. |
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http://telegraph.co.uk/htmlContent.jhtml?html=/archive/1999/03/30/cnhk30.html
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| | Hong Kong HQ : Hong Kong |
| | Hong Kong HQ excludes all liability of any kind (including negligence) in respect of any third party information or other material made available on, or which can be accessed using, this Website. | | | The Association's mission is to be the authoritative, professional, independentvoice of dentistry in Hong Kong, and to promote the interests of its members. | | | The Law Society is the professional association for solicitors in Hong Kong. |
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http://hongkonghq.com
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| | Vowing Nonintervention, China to Let Hong Kong Handle Crisis |
| | Hong Kong's own reserves total $80 billion, and officials at the Hong Kong Monetary Authority have pledged to use what is necessary to defend the Hong Kong dollar's peg to the U.S. dollargreenback of 7.75 to 1.. | | | "The Hong Kong Monetary Authority has the competence and capability to maintain the stability of the Hong Kong dollar," Dai Xianglong, governor of the People's Bank of China, told a Hong Kong newspaper in an interview to be printed Friday. | | | Technically, the Hong Kong Monetary Authority has sole say in the territory's fiscal matters. |
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http://partners.nytimes.com/library/financial/102497asia-markets-beijing.html
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| | ScienceDaily: Hong Kong puts cap on value of its dollar |
| | HONG KONG, May 18 (UPI) -- Hong Kong's monetary authority put a ceiling Wednesday on its currency to discourage so-called speculative investment in the territory's dollar. | | | Hong Kong again judged 'freest economy' (January 5, 2006) -- Hong Kong has been ranked as the world's freest economy by the Heritage Foundation for the 12th conservative year. | | | The cap, the first ever on the Hong Kong dollar, surprised financial markets, the Financial Times reported. |
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http://www.sciencedaily.com/upi?feed=Business&article=UPI-1-20050518-15074300-bc-china-hongkong.xml
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| | Hong Kong Forex |
| | The Hong Kong Monetary Authority (HKMA) was established on 1 April 1993 by merging the Office of the Exchange Fund with the Office of the Commissioner of Banking. | | | By offering issuers access to international capital markets and maintaining an open, secure, fair, orderly, efficient and transparent marketplace, HKEx contributes to Hong Kong's status as an international financial centre and the premier capital market for China. | | | The mission of HKEx is to operate a world-class marketplace for Hong Kong and Mainland China securities and derivatives products. |
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http://www.capital-forex-market.com/country/hk
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| | 2004-12-08 |
| | The Hong Kong Monetary Authority is the central banking institution of Hong Kong responsible for maintaining monetary and banking stability. | | | "The inclusion of the Hong Kong dollar into the CLS is an important step in the ongoing efforts of the Hong Kong Monetary Authority in the elimination of settlement risks for foreign exchange transactions. | | | Following regulatory approval, the Hong Kong Dollar, the Korean Won, the New Zealand Dollar and the South African Rand have been designated as CLS Bank Settlement Eligible Currencies by the CLS Bank Board of Directors. |
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http://www.reservebank.co.za/internet/publication.nsf/0/dde3d3bcc0595f4942256f640026988c?OpenDocument&AutoFramed
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| | AAR: Publication: Focus: Hong Kong Banking |
| | Interpretative notes to the Supplement have also been issued by the HKMA that have been developed with the Hong Kong Association of Banks and the DTC Association. | | | The Guideline and the Supplement apply to all Hong Kong authorised institutions (ie licensed banks, restricted licence banks and deposit taking institutions) (AIs) and the HKMA expects all relevant subsidiaries and branches of an AI incorporated in Hong Kong to have effective anti-money laundering measures. | | | This means that AIs will need to have account alert and transaction monitoring systems to track the activity levels of accounts and to detect unusual or suspicious transactions and patterns of activity. |
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http://www.aar.com.au/pubs/asia/fohkjul04.htm
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| | Simon World :: Hong Kong blogger: Bubbly Joseph Yam |
| | The Hong Kong Mortgage Corporation - the USA has been actively discussing their versions of the HKMC (Fannie Mae and Freddie Mac are the two biggest), with their implicit government guarantees meaning the US taxpayer effectively subsides mortgage rates for home owners at the expense of non-home owners. | | | Yam says: we established the Hong Kong Mortgage Corporation to which banks could sell their mortgages if they wished to reduce their exposure to the residential housing market to a comfortable level. | | | Low interest rates - he concedes Hong Kong was "lucky" interest rates were falling during the period. |
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http://simonworld.mu.nu/archives/124788.php
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| | Hong Kong Monetary Authority to review Exchange Fund investment strategy - Forbes.com |
| | HONG KONG (AFX) - The Hong Kong Monetary Authority (HKMA) said it will review its strategy for investing the Exchange Fund with a view to maximizing returns while keeping the fund's primary function of ensuring the stability of the local currency vis-a-viz other currencies. | | | HKMA is Hong Kong's de facto central bank. | | | Yam spoke of the review as he responded to media questions on public criticisms that the HKMA exceeded only by a small margin the government's 2005 investment returns benchmark purportedly because the authority's investment strategies were too conservative. |
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http://www.forbes.com/afxnewslimited/feeds/afx/2006/02/23/afx2550280.html
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| | Hong Kong Monetary Authority Launches "Money In Hong Kong" Exhibition, Mary Swire, Tax-news.com, Hong Kong |
| | From now until the middle of August, the Hong Kong Monetary Authority (HKMA) is running an exhibition, "Money in Hong Kong", which aims to foster communication between the HKMA and the general public and to promote public awareness of Hong Kong's monetary and banking systems. | | | Further details of the "Money In Hong Kong" exhibition can be found on the HKMA's website http://www.info.gov.hk/hkma. | | | Hong Kong Monetary Authority Launches "Money In Hong Kong" Exhibition, Mary Swire, Tax-news.com, Hong Kong |
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http://www.offshore-e-com.com/asp/story/story.asp?storyname=686
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| | DBS Bank spoofed in Hong Kong |
| | The Hong Kong Monetary Authority, which acts as the territory's central bank, said in its own statement that the Web site was hosted in another country, and that it was liasing with the relevant authorities. | | | Singapore's DBS Bank and Hong Kong authorities are trying to clamp down on a slick fake Web site that attempts to con unsuspecting customers of their personal banking information. | | | DBS Bank issued a statement Wednesday saying it had no affiliation with the site, and that it had reported it to the Hong Kong Monetary Authority and the police. |
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http://www.zdnetindia.com/print.html?iElementId=95123
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| | Hong Kong Monetary Authority mulls new mortgage rate benchmark - report - Forbes.com |
| | HONG KONG (AFX) - The Hong Kong Monetary Authority plans the creation of a standard index based on banks' average capital costs as a possible alternative to the prime rate as a benchmark for mortgage rates, The Standard reported. | | | Hong Kong Monetary Authority mulls new mortgage rate benchmark - report - Forbes.com | | | Hong Kong Monetary Authority mulls new mortgage rate benchmark - report |
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http://www.forbes.com/home/feeds/afx/2005/06/21/afx2104920.html
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| | Hong Kong raises base rate 25bp |
| | The move was widely anticipated as Hong Kong pegs its currency to the U.S. dollar and tends to follow the United States on interest rate adjustments. | | | The Hong Kong Monetary Authority raised its base interest rate by a quarter point on Friday, matching the U.S. Federal Reserve. | | | The Hong Kong Monetary Authority raised its base interest rate by a quarter point on Friday, matching the U |
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http://www.bignewsnetwork.com/?sid=8ed1d6dad2b372c3
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| | Hong Kong defends currency - Aug. 18, 1997 |
| | &, the Hong Kong Monetary Authority's chief executive, said Sunday he would "burn" any currency speculators who try to attack the HK dollar in the same way other regional currencies have been attacked. | | | NEW YORK (CNNfn) - Hong Kong's dollar, the only major southeast Asian currency yet to be devalued, is unlikely to be floated anytime soon -- at least if Joseph Yam has anything to say about it. | | | "Hong Kong doesn't have the kind of big current account deficit that you had in Thailand." |
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http://money.cnn.com/1997/08/18/markets/burn
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| | Amazon.com: Sovereign Assets and Liabilities Management: Proceedings of a Conference Held in Hong Kong Sar: Books: Hong ... |
| | This volume consists of papers presented at a conference held in Hong Kong SAR that was hosted by the IMF and the Hong Kong Monetary Authority. | | | The papers contained in this volume were presented at a conference entitled "Sovereign Assets and Liabilities Management" hosted by the International Monetary Fund and the Hong Kong Monetary Authority in Hong Kong SAR in November 1996. | | | It focuses on a wide range of issues confronting policymakers in managing their sovereign assets and liabilities in a world of mobile capital and integrated capital markets. |
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http://www.amazon.com/exec/obidos/tg/detail/-/1557756945?v=glance
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| | An Alternative Approach to Defending The Hong Kong Dollar |
| | We show that the “technical” measures eventually undertaken by the Hong Kong Monetary Authority are analytically equivalent to issuing the structured notes. | | | The paper reviews the circumstances under which speculative attacks on the currency board of Hong Kong occurred during the Asian financial turmoil. | | | It argues that interest rate arbitrage as a defense mechanism would not function properly unless the risk premium of holding Hong Kong dollar could be reduced by restoration of confidence. |
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http://ideas.repec.org/p/eab/financ/171.html
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| | Asian Economic Crisis: Points of View |
| | The speeches by officials of the Hong Kong Monetary Authority are also good sources. | | | 2 Dec 1997 "Financial Turmoil in Asia" by Joseph Yam, JP (Chief Executive of The Hong Kong Monetary Authority), (Speech at Euromoney Asia Pacific Issuers and Investors Forum) | | | PB97-05; Monetary Policy in a Changing Financial Environment - Searching for an Efficient Monetary Policy Framework in Korea June 1997; Chiho Kim |
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http://russia.shaps.hawaii.edu/economic/asian-crisis.html
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| | Two International Finance Centre, Hong Kong |
| | The 88th floor of the tower contains the office of the Chairman of the HK Monetary Authority. | | | Your position: World / Asia / China / Hong Kong / Two International Finance.. | | | How you can advertise your firm on Emporis. |
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http://www.emporis.com/en/wm/bu/?id=100614
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| | Bloomberg.com: Top Worldwide |
| | Japanese investors held $702 billion of the securities as of Jan. 31, China had $195 billion and Hong Kong had $53 billion. | | | The dollar also gained on speculation the Federal Reserve's Open Market Committee tomorrow will signal at a monetary policy meeting that it will boost the size of interest-rate increases this year as inflation accelerates. | | | The U.S. currency also advanced versus the euro after European Union finance ministers bowed to German pressure to ease limits on government borrowing. |
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http://quote.bloomberg.com/apps/news?pid=10000006&sid=adBoX_Xx1kFM&refer=home
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| | DRI Asia (Hong Kong) 2004 |
| | Penny was the Chairperson of the International Professional Security Association (Hong Kong) from 1993 to 2003. | | | Penny Fung is the Director of GMH Ltd. in Hong Kong. | | | She has also been a member of the Hong Kong Vocational Training Council Security Services Training Board since 1998. |
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http://www.mobilecontentworld.biz/2004/dria_HK/confprog.asp
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| | Singapore's DBS warns of fraudulent site in Hong Kong - Dec. 28, 2003 |
| | SINGAPORE -- The Hong Kong Monetary Authority and police are working to shut a fraudulent online banking website claiming to be a part of Southeast Asia's largest lender DBS Bank, the Singapore-based bank said. | | | The fraudulent website, www.dbshk.net, has two small boxes for customers to fill in their account names and passwords to access a list of online banking services. | | | Singapore's DBS warns of fraudulent site in Hong Kong - Dec. 28, 2003 |
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http://www.inq7.net/inf/2003/dec/28/inf_1-1.htm
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| | Governments on the WWW: Hong Kong |
| | Hong Kong Economic and Trade Office in Toronto, Canada | | | Hong Kong Economic and Trade Office in Singapore | | | Securities and Futures Commission of Hong Kong (SFC) |
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http://www.gksoft.com/govt/en/hk.html
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| | Local Policy -- View |
| | Implementation of revised capital adequacy standards under Basel II in Hong Kong | | | Consultation papers on new capital adequacy standards in Hong Kong |
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http://www.basel2.hk/TST/BASEL2_DB_interface/Document/localpolicy_page.asp
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| | STB Systems-Asia Pacific - HKMA Compliance & Regulatory solutions |
| | with the second capital accord, or the forthcoming changes to Hong Kong Monetary Authority and Monetary Authority of Singapore reporting, as examples, and you might want to give STB a call now. | | | STB-Reporter supports regulatory reporting to the Hong Kong Monetary Authority and other regulatory bodies. | | | MA(BS)3A-Market risk exposures of an Authorized Institution in Hong Kong-N Return |
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http://www.stbsystems.com/compreg_asiapacific.htm
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| | Omniseek: /International /International Investing /Hong Kong / |
| | International investing returns without increasing risk by investing in the rest of the world's | | | and "promoting Hong Kong as an international financial Hong Kong Monetary Authority Conducts Year 2000 Survey By | | | and "promoting Hong Kong as an international financial Hong Kong Monetary Authority Conducts Year 2000 Survey |
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http://www.omniseek.com/srch/{15606}
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| | Welcome to HKMA |
| | Hong Kong's Latest Foreign Currency Reserve Assets Figures Released | | | Tender for the reopening of 5-Year Exchange Fund Notes to be held on Friday, 17 March 2006 |
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http://www.info.gov.hk/hkma
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| | Hong Kong Monetary Authority |
| | Main Office : 55th Floor, Two International Finance Centre, 8 Finance Street, Central, Hong Kong. | | | For those calling from places outside Hong Kong, please dial the area code "852" before the telephone number (not applicable to overseas offices). | | | All data on this website are provided and updated by respective bureaux / departments. |
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http://tel.directory.gov.hk/0268000005_ENG.html
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| | Hong Kong Monetary System, |
| | Hong Kong Monetary System, September 1998 onwards Components of Base: (1)-(4) |
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http://www.cf.ac.uk/carbs/econ/matthewsk/cbhka/tsld033.htm
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| | Hong Kong Monetary System, |
| | Hong Kong Monetary System, March 1990 — September 1998 |
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http://www.cf.ac.uk/carbs/econ/webbbd/kmpp/hongkong/tsld029.htm
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