Hong Kong’s de facto central bank trimmed its base rate three times in 2019 by a combined 75 basis points as the economy slipped into a technical recession in the third quarter. The financial instruments held in the trading book should be free of any restrictive covenants on their tradability or able to be hedged completely. This includes both prepaid cards (sometimes called electronic purses) and prepaid software products that use computer networks such as the Internet (sometimes called digital cash). De-risking can be the result of various drivers, such as concerns about profitability, prudential requirements, anxiety after the global financial crisis, and reputational risk. A complete BoP account comprises the current account and the capital and financial account.
A bank incorporated outside Hong Kong may apply to the The Long-Term Growth Portfolio (LTGP) was established in 2009 to diversify risks of the Exchange Fund's investments and improve the overall return of the Exchange Fund in the long run.
Dollarisation can be official or unofficial. Both banks and stored value facilities (SVF) in Hong Kong may participate in the FPS. A widely used metric for measuring the performance of long-term investments, taking into account the time value factor of the total stream of cash flows (including contributions and incomes) during the whole investment period.One of the approaches for the calculation of minimum capital requirements for Established in 1946, the IMF is an international organisation of 184 members to promote international monetary co-operation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries under adequate safeguards to help ease Under Article IV of the Articles of Agreement of the The SDDS was established in 1996 to guide member economies of the International Monetary Fund in the dissemination of economic and financial data to the public. Financial inclusion means that the general public and small- and micro- enterprises are able to open and maintain bank accounts and have access to basic banking services to meet the basic needs of their daily lives or the needs of fund transfers for their business operations. Certificates issued by the Financial Secretary under the The ratio of the total amount of loans written off during a period to total outstanding amount of loans at the end of that period.
The monetary authority mentioned that there were many uncertainties in future changes of the COVID-19 epidemic and there would still be very large fluctuations in the financial market. Hong Kong is a member of the Plenary meeting and participates in all three Standing Committees. The Trust was set up to facilitate the management of the HKSAR's share of revenue obtained from land sales during the period commencing from the entry into force of the Joint Declaration (27 May 1985) until China's resumption of exercise of sovereignty on 1 July 1997. The In April 2009, the FSF was re-established as the FSB with an expanded membership and broadened mandate. Hong Kong has lowered its interest rates by 0.05 percentage points, from 0.55% to an …
The FPS operates on 24x7 basis and supports payments in the Hong Kong dollar and the renminbi. The Hong Kong Monetary Authority/HKMA lowered its base rate by 25 basis points to 2.0 percent on October 31th, 2019. It also provides the structure through which the objectives of the institution are set, the strategy of attaining those objectives is determined and the performance of the institution is monitored.An entity that engages in the collection, maintenance and dissemination of information about borrowers' creditworthiness to facilitate credit assessment by credit providers. (e) establishes a review tribunal to review certain decisions made by the relevant authorities under the AMLO; and
Single-purpose SVFs can be used for purchase goods and services provided only by the issuer of the facility, while multi-purpose SVFs can be used for purchase of goods and services provided by the issuer and third parties who are willing to accept the facility for payment and/or made P2P payments.
P2P payments).
The The HKMA has set up a dedicated webpage to facilitate public understanding of measures by the HKMA and the banking sector to support SMEs and individuals amid the COVID-19 outbreak.
The A description of the degree of financial strength and risk in a A statutory write-off, cancellation, conversion into equity or modification of certain liabilities of a failing financial institution, in order to absorb losses of the institution and restore its capital position so as to enable it to carry on business for a reasonable period and maintain market confidence in it. The financing of terrorist acts, and of terrorists and terrorist organisations.
Established and maintained by the The Ordinance was enacted on 5 May 2004 to provide for the establishment of a A committee to advise the Chief Executive of the Hong Kong Special Administrative Region (CE/SAR) on matters relating to the The phenomenon of financial institutions terminating or restricting business relationships with clients or categories of clients to avoid, rather than manage, risk in line with a risk-based approach.
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