Last edited by Mecage
Tuesday, May 12, 2020 | History

2 edition of The monetary and banking system of Hong Kong found in the catalog.

The monetary and banking system of Hong Kong

Kam-hon Chu

The monetary and banking system of Hong Kong

Y Kam Hon Chu

by Kam-hon Chu

  • 98 Want to read
  • 15 Currently reading

Published by UMI .
Written in English

    Subjects:
  • Deposit insurance,
  • Free banking,
  • Hong Kong

  • The Physical Object
    FormatUnknown Binding
    Number of Pages218
    ID Numbers
    Open LibraryOL10949913M
    ISBN 100612027287
    ISBN 109780612027282

    reflect the positions of the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the authors. Federal Reserve Bank of New York Staff Reports Monetary Policy, Financial Conditions, and Financial Stability Tobias Adrian Nellie Liang Staff Report No. March Revised December Hong Kong. As part of Hong Kong’s overall regulatory infrastructure for the financial services industries, the Investor Education Centre’s role in financial education is complementary to the work of the regulators. 3 Financial Regulatory System A Quick Guide to Hong Kong’s Financial System and Services.

      With a currency board, a country's monetary policy is not influenced by the monetary authority's decisions (per the practice in a central banking system.   HONG KONG (Reuters) - The head of Hong Kong’s central bank said on Tuesday that new security laws proposed by China for the city would not change the fundamentals of its financial system.

    A: In Hong Kong, the monetary authority can only increase the monetary base if they accumulate more U.S. dollars because: the monetary authority in Hong Kong operates a currency board where its sole objective is to fix the exchange rate between its currency and the U.S. dollar. 1 Mr Deputy Speaker, I beg to move, "That the Bill be now read a second time".. Background. 2 In a constantly changing environment, our legislation needs to be reviewed regularly to keep pace with changes. The Monetary Authority of Singapore (MAS) therefore reviews the Banking Act from time to time to ensure that the regulatory framework for banks continues to foster safety and soundness in.


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The monetary and banking system of Hong Kong by Kam-hon Chu Download PDF EPUB FB2

Welcome to the Guide to Hong Kong Monetary, Banking and Financial Terms, which provides brief definitions of terms relevant to Hong Kong's monetary, banking and financial systems. The Guide is intended to serve as a reference tool for anyone with a professional or general interest in Hong Kong's financial system, and will continue to expand as.

shaping the future of the monetary system of Hong Kong respectively from the legal, monetary, technical and political perspectives. Section VII concludes. The paper assumes a certain degree of familiarity on the part of readers in the characteristics of and the established terms used in describing the monetary system of Hong Kong.

The banking system in Hong Kong is one of the best in the world. Currency of Hong Kong: Hong Kong dollar, which is pegged to the U.S. dollar. Hong Kong Stock Exchange – the seventh largest in the world. According to the index of the world’s financial center Hong Kong is the third in the world and first in Asia.

Loans and advances for use in Hong Kong by economic sector – Licensed banks; Loans and advances for use in Hong Kong by economic sector – Restricted licence banks; Loans and advances for use in Hong Kong by economic sector – Deposit-taking companies; Asset quality – Authorized institutions.

Guide to Hong Kong Monetary, Banking and Financial Terms. HKMA's Open Application Programming Interface (API) Linked Exchange Rate System Liquidity Facilities Hong Kong Currency. Advanced Search Find Results with: all of these words: all of these words. The size of the Exchange Fund grew by per cent, or an increment of HK$ million, to HK$ trillion at the end of July, according to data by the Hong Kong Monetary Authority.

SYSTEM In the history of Hong Kong, a fixed exchange rate system has been a norm rather than an exception. This largely reflects the characteristics of Hong Kong as a highly externally-oriented economy, which desires a firm anchor for the external value of its currency.2 In this respect, Hong Kong differs from most other currencyFile Size: KB.

Hong Kong CPSS - Red Book - Table of contents account”) with the Hong Kong Monetary Authority (HKMA) and to maintain and operate such a Hong Kong maintains a three-tier system of deposit-taking institutions, namely licensed banks, restricted licence banks and deposit-taking companies.

They are collectively known as authorised. Table Structure of the Banking System before the Crisis This book examines the causes and development of the Asian financial crisis, with special emphasis on its lessons for China and Hong Kong.

introduction of new measures to strengthen the operation of currency board system. Hong Kong had survived the crisis well, but has lagged File Size: KB. Hong Kong Banks Balance Sheet - values, historical data and charts - was last updated on May of source: Hong Kong Monetary Authority Banks Balance Sheet in Hong Kong is expected to be HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

Professor Ball is a Research Associate of the ¬National Bureau of Economic Research and has been a visiting scholar at the Federal Reserve, the Bank of Japan, the Central Bank of Norway, the Reserve Bank of Australia, and the Hong Kong Monetary by: In Hong Kong, the development of the banking system is an important aspect of its economic development.

Government statistics show that at the end of December there were licensed banks, 46 restricted banks, and 45 deposit-taking companies in Hong Kong. Most of the major foreign banks have branches in Hong Kong.

All of the above have made Hong Kong the international Author: Peter Chiu. Banking and Currency in Hong Kong A Study of Postwar Financial Development. Authors: Jao, Y.

Free Preview. The Hong Kong Monetary Authority (HKMA) is Hong Kong's currency board and de facto central bank. It is a government authority founded on 1 April when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged.

The organisation reports Currency: Hong Kong dollar, HKD (ISO ). Hong Kong Monetary Authority, the de-facto central bank, to follow its mandate and intervene, raising questions about how long this can continue and the implications for Hong Kong.

A new payment system that will allow free real-time fund transfers among platforms such as PayMe, Alipay and WeChat Pay will be launched as scheduled on Monday, according to the Hong Kong Monetary. Provides a comprehensive collection of annotated statutes and related legal materials on the monetary and banking law of Hong Kong.

In addition, the text contains a full analysis of. The Hong Kong Monetary Authority (HKMA) was established on 1 April by merging the Office of the Exchange Fund with the Office of the Commissioner of Banking. Its main functions and responsibilities are governed by the Exchange Fund Ordinance and the Banking Ordinance and it reports to the Financial Secretary.

1 The analysis is based on financial institutions registered with the Hong Kong Monetary Authority. 2 The top 10 locally incorporated licensed banks mentioned in this article are the 10 banks with the highest total assets among all locally incorporated banks as at 31 December 3 NIM is either quoted from public announcements of financial statements, or calculated based on annualised net File Size: 2MB.

The importance of fiscal prudence under the Linked Exchange Rate System in Hong Kong SAR Hong Kong Monetary Authority. The impact of public debt on foreign exchange reserves and central bank profitability: the case of Hungary.

CATHERINE R. SCHENK FRHS, AcSS is Professor of International Economic History at the University of Glasgow, UK. She has published widely on Hong Kong's banking and monetary history and is the author of Hong Kong as an International Financial Centre (Routledge, ).

She was Research Fellow at the HKIMR in and Despite shadow banking's critical influence on the Chinese economy, there have been very few official studies and even fewer books written on the subject. Understanding China's present-day economy and forecasting its future requires an in-depth understanding of shadow banking and its inter-relationship with the banking system and other sectors.Book Description.

Forrest Capie is an eminent economic historian who has published extensively on a wide range of topics, with an emphasis on banking and monetary history, particularly in the nineteenth and twentieth centuries, but also in other areas such as tariffs and the interwar economy.