Hong Kong Interbank Clearing Limited recently identified two fraudulent websites impersonating its official site, tuikuanfpsnew.sbs and tuikuanfpsnew.cfd. The websites masquerade as an online buyer security service, offering refunds and reporting of unauthorised transactions, in an attempt to lure members of the public into submitting copies of their identity cards, telephone numbers and bank account details. The clearing company clarified that it has absolutely no connection with them, and that its genuine official websites are www.hkicl.com.hk and fps.hkicl.com.hk. Suspicious communications can be verified by calling 2533 1111.
Why read this: The announcement lists two fake URLs, the clearing company's genuine official website and a verification telephone number, allowing members of the public to check item by item whether they are accessing a fraudulent website, while also providing a channel for enquiries if they suspect they have been defrauded.
Analysts said John Moolenaar, chairman of the US House of Representatives Select Committee on the Chinese Communist Party, wrote to Federal Reserve Chairman Kevin Warsh, requesting a review of the arrangements for the Hong Kong Monetary Authority to obtain short-term US dollar funding from the Federal Reserve, with limited impact on Hong Kong. The funding arrangement is not a regular source of financing for Hong Kong. Analysts also said that any restrictions could instead weaken the global dominance of the US dollar.
The Hong Kong Monetary Authority has raised questions with HSBC Holdings over its decision to establish an AI centre in Singapore. Industry figures said Hong Kong and Singapore are competing for leadership in areas such as foreign exchange trading and wealth management, with both sides striving to attract HSBC and other major corporations to invest in AI projects.
The Hong Kong Monetary Authority urges the public to stay vigilant, noting that Chong Hing Bank has issued a press release regarding the fraudulent website and online banking login screen, with the hyperlink uploaded to the HKMA website. The HKMA reminds that banks will not request customers to provide sensitive information such as login passwords via hyperlinks in SMS or emails, and those who have provided personal information should contact their bank and report the case to the Information Centre of the Criminal Investigation Department of the Hong Kong Police Force by calling 2860 5012.
Hong Kong Interbank Clearing Limited recently discovered two scam websites impersonating its official website, masquerading as the Faster Payment System (FPS) online transaction security service to obtain bank account details. The company clarified that these have absolutely no relation to its business, and that its genuine official websites are www.hkicl.com.hk and fps.hkicl.com.hk. Suspicious communications can be verified by calling 2533 1111.
Why read this: The announcement lists the URLs of two fake websites alongside the clearing company's genuine official website, and provides a verification hotline for the public to check whether they have mistakenly entered a fake website.
Translation is not available yet. Showing the Traditional Chinese version.
The Hong Kong Monetary Authority urges the public to stay vigilant. Bank of East Asia, Shanghai Commercial Bank and Bank of Singapore have issued press releases regarding scam websites and fraudulent online banking login screens, with relevant hyperlinks uploaded to the Hong Kong Monetary Authority's website. The Hong Kong Monetary Authority reminds members of the public that banks will not direct customers to make transactions through hyperlinks in SMS messages or emails, nor will they ever ask for login passwords and one-time passwords. Those who have provided such information should call 2860 5012 to report the case to the Information Centre of the Criminal Investigation Department of the Hong Kong Police Force.
Acting Secretary for Financial Services and the Treasury Joseph Chan Ho-lim replied in writing to a question from Chan Chun-ying, stating that from January 2024 to September 2026, the Hong Kong Monetary Authority received 16 complaints alleging unlicensed operation of stored value payment facilities, of which 1 was substantiated and the complainant reported no loss. Platforms involved in currency exchange or cross-border remittances must obtain a licence from the Customs and Excise Department, while those offering "buy now, pay later" services involving lending business must obtain a money lender's licence under the Money Lenders Ordinance.
The Hong Kong Monetary Authority has in recent months raised questions over HSBC locating its global artificial intelligence (AI) centre in Singapore rather than Hong Kong, the Financial Times reported, citing people familiar with the matter. The Hong Kong Monetary Authority said it maintains regular communication with authorised institutions on various issues, and would not comment on day-to-day regulatory work or speculative remarks. A HSBC spokesperson declined to comment on the report.
Hong Kong Monetary Authority Chief Executive Eddie Yue said short-term HKD interest rates are driven by the supply and demand for the Hong Kong dollar, and a reduction in demand for the currency may trigger the weak-side convertibility undertaking. He noted that Hong Kong stock turnover has fallen back from its mid-year high, the impact of earlier large-scale fundraising activities has faded, and periods of relatively strong funding demand such as quarter-end and dividend payments by listed companies have just passed, easing related demand for the Hong Kong dollar, which is the reason behind the weakening of the HKD exchange rate.
The Hong Kong Monetary Authority and Bank Negara Malaysia held a high-level bilateral meeting in Hong Kong on 2 October, agreeing to strengthen cooperation in areas including fintech and digital assets, cross-border regulation, use of local currencies in the region and capital market connectivity. The two sides will set up a joint working group to promote compliant cross-border stablecoin applications, and explore establishing a link between Hong Kong's CMU and Malaysia's RENTAS.
The Hong Kong Monetary Authority and Bank Negara Malaysia held a high-level bilateral meeting in Hong Kong on 2 October, agreeing to strengthen cooperation in areas including fintech and digital assets, cross-border regulation, use of local currencies and infrastructure interconnection within the region, and capital market connectivity. The two sides will establish a policy-focused joint working group to promote compliant cross-border stablecoin application scenarios in both places, and explore establishing a link between the Hong Kong Monetary Authority's Central Maturity Facility (CMU) and Malaysia's RENTAS.
Hong Kong Monetary Authority Chief Executive Eddie Yue said the HK dollar has gradually weakened since mid-June to hover around 7.8460 to 7.8475, close to the 7.8500 weak-side convertibility undertaking, mainly because the widening Hong Kong-US interest rate gap has prompted carry trades and demand for HK dollars related to the stock market has fallen back. He said the automatic interest rate adjustment mechanism of the Linked Exchange Rate System will keep the HK dollar stable between 7.75 and 7.85 to 1 US dollar, and the Hong Kong Monetary Authority will closely monitor market conditions.
Why read this: The Hong Kong Monetary Authority Chief Executive set out two causes of the HK dollar's weakness and explained how the Linked Exchange Rate System will automatically adjust as it approaches the weak-side convertibility undertaking, allowing readers to compare it with the exchange rate levels they are holding.
Translation is not available yet. Showing the Traditional Chinese version.
The Hong Kong Monetary Authority has granted a banking licence to Bakai Bank, one of Kyrgyzstan's largest banks, marking the first Central Asian bank to establish a presence in Hong Kong. Bakai Bank will operate as a restricted licence bank, becoming Hong Kong's 17th restricted licence bank, with a minimum deposit threshold of HK$500,000.
The Hong Kong Monetary Authority has granted a banking licence to Bank of Asia from Kyrgyzstan, effective today. The bank will establish a restricted licence bank in Hong Kong under the name "Bank of Asia Hong Kong Branch", making it the first Central Asian bank to set up a business presence in the Asia-Pacific region. With the licence taking effect, the number of restricted licence banks in Hong Kong has increased to 17.
InvestHK announced that Bank of Alakun has received a banking licence from the Hong Kong Monetary Authority and will establish a restricted licence bank in Hong Kong under the name Bank of Alakun Hong Kong Branch, becoming the first Central Asian bank to set up a business presence in Asia-Pacific. The department had provided consultation on licence applications and support for regulatory alignment. Director-General Alpha Lau said this is another milestone following the Chief Executive's visit to Central Asia in June this year.
The Hong Kong Monetary Authority announced today (5 October) that the Banking Commissioner has granted a restricted banking licence to Bakai Bank Limited under the Banking Ordinance, effective immediately. Bakai Bank is a bank incorporated in the Kyrgyz Republic. With the licence granted, the number of restricted licence banks in Hong Kong increased to 17.
The Hong Kong Monetary Authority urges the public to stay vigilant. Bank of China (Hong Kong) Limited has issued a press release and reported the suspicious mobile app scam to the Hong Kong Monetary Authority. The Hong Kong Monetary Authority reminds that banks will not direct customers to transact on websites via hyperlinks in SMS or emails, nor will they ask for login passwords and one-time passwords. Those who have provided personal information or made transactions should contact the bank in accordance with the press release, and call 2860 5012 to report the case to the Information Centre of the Criminal Investigation Department of the Hong Kong Police Force.
Hong Kong Interbank Clearing Limited reminds the public to beware of the fake website hkmonetaryauthority.lol, which masquerades as the 'Buyer Online Security Guarantee' to offer Faster Payment System (FPS) online transaction security services, tricking users into providing identity card numbers, photos of identity documents and telephone numbers. The company clarified that it has absolutely no relationship with the website, and its official website addresses are www.hkicl.com.hk and fps.hkicl.com.hk. Enquiries can be verified by calling 2533 1111.
Why read this: The bulletin lists the URL patterns of the fake websites and two official website addresses, allowing readers to check item by item whether they have mistakenly entered a scam page.
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HKICL reminded the public to beware of the fake website refund-fps.ink, which masquerades as an FPS online transaction refund service and directs users into WhatsApp conversations with people impersonating customer service staff. HKICL said it has absolutely no relationship with the website; the official websites are www.hkicl.com.hk and fps.hkicl.com.hk, and suspicious communications can be verified by calling 2533 1111.
Why read this: The announcement lists the characteristics of the fake website address alongside the genuine official website, and provides a verification telephone number, allowing readers to immediately check the authenticity of links they have received.
The Hong Kong Monetary Authority urges the public to remain vigilant, noting that several banks have issued press releases regarding scams involving fraudulent websites, online banking login pages and impersonation emails, among others, including a fraudulent mobile application of Bank of Singapore Limited. The Hong Kong Monetary Authority reminds the public that banks will not request sensitive information such as login passwords and one-time passwords via hyperlinks in SMS messages or emails, and that those who have provided personal information should call 2860 5012 to report the case to the Information Centre of the Criminal Investigation Department of the Hong Kong Police Force.
The data.gov.hk dataset "Scam Notification" is provided by the Hong Kong Monetary Authority, with a publication date of 2026-09-14. The dataset uses JSON format and provides an application programming interface, with an update frequency of as required. The interface is read using the GET method, and the required parameter lang can be entered as en, tc or sc to select the output language.
The Hong Kong Monetary Authority released the results of the residential mortgage survey for August 2026. New loan applications fell 8.3 per cent month-on-month to 8,446 cases, while newly approved mortgage loans decreased 28.2 per cent to HK$32.2 billion. Within the total, approvals in the primary market fell 31.8 per cent to HK$9.1 billion, the secondary market dropped 36.7 per cent to HK$15.3 billion, while re-mortgages rose 6.8 per cent to HK$7.8 billion. Outstanding mortgage loans increased 0.6 per cent month-on-month to HK$1,975.4 billion, with a delinquency ratio of 0.11 per cent.
Why read this: Lists month-on-month changes in new mortgage applications, approvals and utilisation, allowing the increases and decreases in primary, secondary and re-mortgage markets to be checked one by one, together with the delinquency ratio.
The Hong Kong Monetary Authority released on 30 September data on Hong Kong's foreign exchange reserves and liquidity as at end-August 2026. The dataset is released monthly according to the International Monetary Fund's Special Data Dissemination Standard template. The Hong Kong Monetary Authority issues four foreign exchange fund press releases each month, three of which are published under the Special Data Dissemination Standard, while the fourth is a summary of the foreign exchange fund balance sheet and currency board accounts.
The Hong Kong Monetary Authority announced monetary statistics for August 2026. Total deposits with authorized institutions rose 1.4% month-on-month, with Hong Kong dollar and foreign currency deposits up 2.2% and 0.8% respectively. Renminbi deposits in Hong Kong fell 2.1% to RMB1,101.5 billion, the Hong Kong dollar loan-to-deposit ratio declined from 70.7% to 69.3%, and both Hong Kong dollar M2 and M3 rose 2.1%.