The Exchange Fund, Hong Kong's currency defense war chest, reported a 37% decline in first-half earnings due to losses in local equities and weaker bond returns, as announced by the Hong Kong Monetary Authority (HKMA).

The Hong Kong Monetary Authority (HKMA) stated that mainland customers can still open bank accounts in Hong Kong, but banks must implement stricter checks to ensure compliance and orderliness.

The Central Bank of the Republic of Türkiye (CBRT) announced it has signed a Memorandum of Understanding (MoU) with the Hong Kong Monetary Authority to foster cooperation in financial technologies.

The Hong Kong Monetary Authority (HKMA) is facing calls to further loosen restrictions on stablecoins, following its cautious approach in granting the first two licenses to banks for issuing the digital currency. Bankers, venture capitalists, and analysts believe more expansion is needed.

The People’s Bank of China, Hong Kong Monetary Authority, and Bank Indonesia have signed an agreement to create a framework for bilateral transactions between Indonesia and Hong Kong. This initiative aims to facilitate direct currency transactions in yuan and rupiah.

Hong Kong and Shanghai have signed an accord deepening their collaboration in promoting digitised cargo trade finance and strengthening mainland China’s connection to the global data ecosystem. The Hong Kong Monetary Authority (HKMA) on Monday signed a memorandum of understanding (MOU) with the Shanghai Data Bureau and the National Technology Innovation Centre for Blockchain, according to a statement from Hong Kong’s de facto central bank. “This marks an important milestone in the collaborati...