Hong Kong Monetary Authority

It is reported that on April 22, Chen Weimin, Vice President of the Hong Kong Monetary Authority, said at the 5th Guangdong Hong Kong Macao Greater Bay Area Financial Development F

According to reports, Hong Kong regulators in China are holding a meeting between cryptocurrency companies and bankers to promote financing for the industry. According to the detai

It is reported that the bank incident in Silicon Valley continues to ferment. A spokesman of the Hong Kong Monetary Authority said that the HKMA has been closely following the development of SVB. According to the HKMA, the risk exposure of Hong Kong banks to SVB is very small and does not pose a risk to the stability of the Hong Kong banking system. The spokesman of the HKMA reiterated that Silicon ValleyBank did not operate banking business in Hong Kong and only had a local representative office. It is not an authorized institution and therefore cannot operate banking or deposit taking business in Hong Kong. Hong Kong Monetary Authority: Hong Kong banks have little exposure to SVB Analysis based on this information:In recent news, the Silicon Valley Bank (SVB) has been causing a stir within the industry, leading to the Hong Kong Monetary Authority (HKMA) to issue a statement addressing concerns over the bank’s potential risks. The HKMA spokesperson…

It is reported that the Hong Kong Monetary Authority (hereinafter referred to as the HKMA) will hold two high-level meetings in late March that mainly invite representatives of the central bank and regulators to attend, including the Basel Committee on Banking Supervision (BCBS) meeting held in Hong Kong from March 22 to 23, and a seminar held in Hong Kong with the Bank for International Settlements (BIS) on March 24. Yu Weiwen, the president of the HKMA, said that the seminar on “banking supervision in an era of innovation and keeping pace with the times” jointly organized by the HKMA and BIS was the first international conference on financial supervision after the resumption of Hong Kong’s normal operation. More than 100 leaders of central banks, regulators and financial institutions will be invited to attend the seminar to discuss forward-looking issues related to the banking industry, including how regulators and banks respond to the rapidly changing financial environment, the future development…